Duty payment timing: electronic payments face earlier due dates; interest and monthly penalty apply for delayed excise duty payment. Rule 8 sets deadlines and modes for payment of central excise duty: monthly payments are due by early days of the following month with earlier deadlines for electronic banking; March removals have a distinct due date. Eligible small assessees may pay quarterly by similar electronic or non-electronic deadlines for the whole financial year. Payment is deemed discharged only on credit to the Central Government account; cheques count from presentation subject to realization. Electronic payment is required unless waived in writing. Late payment attracts interest, a monthly penalty after one month, and statutory recovery measures; duty includes CENVAT liabilities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty payment timing: electronic payments face earlier due dates; interest and monthly penalty apply for delayed excise duty payment.
Rule 8 sets deadlines and modes for payment of central excise duty: monthly payments are due by early days of the following month with earlier deadlines for electronic banking; March removals have a distinct due date. Eligible small assessees may pay quarterly by similar electronic or non-electronic deadlines for the whole financial year. Payment is deemed discharged only on credit to the Central Government account; cheques count from presentation subject to realization. Electronic payment is required unless waived in writing. Late payment attracts interest, a monthly penalty after one month, and statutory recovery measures; duty includes CENVAT liabilities.
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