payment of PLA for the units filing ER-3

[MEHUL ASHAR]

Respected Sir,

                         One of my clients is taking the exemption of 1.5 crore,now as he has crossed the limit in the present month then if he has to pay the duty through PLA THEN he has to pay the duty monthly or quarterly.Please reply.

THANKING U

[SHIVKUMAR SHARMA]

Mr.Mehul

If  your client is having Available sufficient Credit balance in Cenvat account as on 31.03.2014 he can pay the excise duty from Cenvat account  if  NO then Part amount from  Cenvat account & Balance ammount from PLA. on Quarterly basis.

Shivkumar sharma

AI Summary

Cenvat credit can be used to discharge excise duty; shortfall must be met from PLA on a quarterly basis. If sufficient Cenvat credit balance exists the excise duty may be paid from Cenvat; if not, use available Cenvat credit first and pay the balance from the Personal Ledger Account (PLA), with the PLA remittance for the shortfall treated on a quarterly basis.