Due date for payment for those availing 1/2011 CE

[Ramesh Agarwal]

Whether an assessee is availing the benefit of  Exemption Notification No 1/2011 CE Dated 1/3/2011 and is manufacturing only those goods which are specified in the said notification and is filling ER-8 Return can pay duty on quarterly basis or not

AI Summary

Exemption Notification No. 1/2011 CE: Units can't pay excise duty quarterly unless qualifying for SSI exemption with turnover under 4 crores. An individual inquired whether a unit availing the benefit of Exemption Notification No. 1/2011 CE and manufacturing specified goods can pay excise duty quarterly instead of monthly. The response clarified that there is no provision under Rule 8 of the Central Excise Rules, 2002, allowing quarterly payments for such units. However, if the unit qualifies for the Small Scale Industry (SSI) exemption, with a turnover not exceeding 4 crores in the previous year, it may opt for quarterly payments.