Payment code for Interest

[Afroz Dairkee]

Dear Sir,

What is the payment code for Interest in Central Excise?

00380031 - other duties  or  00380087 - other receipts

[rajkumar shukla]

it is  00380087 - other receipts.

[MAHENDRA WAGHMARE]

What is the payment code for Interest in Central Excise?

00380031 - other duties  or  00380087 - other receipts

AI Summary

Interest payment code classified under other receipts clarifies accounting and remittance treatment for central excise interest payments. Respondents to a Central Excise query confirmed that interest collected should be accounted to the payment head classified as other receipts rather than the code for other duties, establishing the proper ledger classification for interest receipts within departmental bookkeeping.