Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>New RT-12 Form Introduced for Excise Duty with Fortnightly Payments, Effective April 2000, Under Central Excise Rules.</h1> The circular introduces a new RT-12 Return format under the Central Excise Rules, 1944, effective from April 1, 2000, due to amendments allowing fortnightly duty payments. The RT-12 form replaces previous forms and incorporates details for fortnightly clearances, duty payments, and CENVAT credit usage. It clarifies that CENVAT credit for duty payments cannot exceed the balance available on specific dates. For Small Scale Industries, duty is discharged monthly, with similar credit restrictions. The new form omits CENVAT Credit account summaries, requiring detailed monthly credit statements. Assessees must submit RT-12 Returns with PLA and TR6 challans, including credit and duty discharge summaries.