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of <h1>Central Excise Rules Amended: Mandatory E-Payments, New Penalties for Late Duty Payments Effective October 2014</h1> The Central Government has amended the Central Excise Rules, 2002, effective from October 1, 2014. The amendment omits the third proviso of sub-rule (1) in rule 8 and introduces sub-rule (1B), mandating electronic payment of duty via internet banking. Exceptions may be granted by the Assistant or Deputy Commissioner of Central Excise. Additionally, sub-rule (3A) is revised to impose a penalty of one percent per month on unpaid duty if not paid within a month from the due date. This amendment aims to streamline duty payments and enforce timely compliance.
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