Duty payment obligations require timely remittance; electronic challans and PLA/CENVAT options mitigate risk but late payment incurs interest and restrictions Duty must be paid by prescribed monthly deadlines or the specified year-end date; small-scale exemption filers follow an alternate monthly schedule and may pay consignment-wise. Payments are credited when bank-processed cheques are honoured or when cash/draft payments carry the bank's receipt stamp on the GAR-7 Challan. Electronic payment via internet banking uses an online challan, taxpayer authorization, and instant cyber receipt. Duty can be discharged by debiting the Personal Ledger Account or by using CENVAT credit. Late payment attracts interest from the day after the due date and may result in credit restrictions and statutory penalties.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty payment obligations require timely remittance; electronic challans and PLA/CENVAT options mitigate risk but late payment incurs interest and restrictions
Duty must be paid by prescribed monthly deadlines or the specified year-end date; small-scale exemption filers follow an alternate monthly schedule and may pay consignment-wise. Payments are credited when bank-processed cheques are honoured or when cash/draft payments carry the bank's receipt stamp on the GAR-7 Challan. Electronic payment via internet banking uses an online challan, taxpayer authorization, and instant cyber receipt. Duty can be discharged by debiting the Personal Ledger Account or by using CENVAT credit. Late payment attracts interest from the day after the due date and may result in credit restrictions and statutory penalties.
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