TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Board Urges Immediate Action on Delayed Excise Duty Payments; Follow Central Excise Rules, 2002 for Compliance.</h1> Instances of delayed excise duty payments have been identified, prompting the Board to emphasize the need for immediate recovery actions by field officers. Under Central Excise Rules, 2002, duty must be paid by the 5th of the following month, or the 15th for small-scale units. Failure to do so results in the duty being deemed unpaid, attracting penalties. After one month of default, these dues become 'recoverable arrears,' and actions under the Central Excise Act, 1944, and Customs Act, 1962, should be taken. User-manufacturers need not reverse CENVAT Credit unless the transaction's legitimacy is disputed. Regular monitoring and record-keeping are mandated for timely recovery.
TaxTMI 
TaxTMI 
