ccr rule 5A

[Anil Jangid]

can any one explain rule 5A,12 CCR 2004 and their interrelation
 

AI Summary

Interrelation of Rule 5A and Rule 12 of CENVAT Credit Rules, 2004, and Penalties for Late Excise Duty Payments Under Rule 8. A user inquired about the interrelation between Rule 5A and Rule 12 of the CENVAT Credit Rules, 2004. Responses varied, with some experts suggesting consulting a professional for detailed explanations, while others advised reading the rules directly. A separate issue was raised regarding the non-payment of excise duties for October 2015. Experts explained the implications of delayed payments under Rule 8 of the Central Excise Rules, 2002, including interest and penalties. The discussion emphasized the importance of timely duty payments to avoid penalties, and the user acknowledged the advice, committing to immediate payment.