E-payment cut-off time established: same-day credit for payments before cut-off, later transactions credited next working day. E-payment receipts received by nominated banks up to the daily cut-off are to be treated as received that day and receipts after the cut-off as received on the next working day; deposit timing, delayed remittance treatment and penal interest calculations will follow this norm. Cyber receipts under the e-payment system must include transaction date and time alongside CIN, payment details and unique transaction number so that the precise time of payment can be evidenced for credit under Central Excise payment-credit rules, and banks must be instructed accordingly.
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.
E-payment cut-off time established: same-day credit for payments before cut-off, later transactions credited next working day.
E-payment receipts received by nominated banks up to the daily cut-off are to be treated as received that day and receipts after the cut-off as received on the next working day; deposit timing, delayed remittance treatment and penal interest calculations will follow this norm. Cyber receipts under the e-payment system must include transaction date and time alongside CIN, payment details and unique transaction number so that the precise time of payment can be evidenced for credit under Central Excise payment-credit rules, and banks must be instructed accordingly.
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