Clarification - date of payment of excise duty

[Ram Babu]

Dear Sir: As we know that excise duty is debited on the 5th day of the next month. Pl confirm it is the same in case of removal of goods as such or duty has to be debited on the same day when goods removed from the factory

[Surender Gupta]

Reversal of duty or payment of amount on removal of goods as such from the factory has to be treated at par with payment of excise duty. Rule 8 of the Central Excise Rule has been amended for this purpose.

AI Summary

Excise duty payment on factory removals treated the same as routine duty debits after rule amendment. Reversal or payment of duty on removal of goods as such from the factory is to be treated at par with payment of excise duty; the central excise rule has been amended so that such payment on removal is debited and processed on the same footing as regular duty debits.