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of <h1>Central Government Amends Excise Rules: Manufacturers Can Opt for Monthly Duty Payments from June 1, 1999</h1> The Central Government, under the Central Excise Act, 1944, has amended the Central Excise Rules, 1944, to introduce a special procedure for manufacturers to pay excise duty monthly instead of per consignment. Effective from June 1, 1999, manufacturers availing exemptions based on clearance value can opt for monthly payments by notifying the Assistant or Deputy Commissioner of Central Excise. They must assess duty per consignment, record it in Form RG-1, and settle total duty monthly by debiting specific accounts. Late payments incur a 30% annual interest and a penalty, with restrictions on repeated defaults within a financial year.
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