Monthly payment of excise duty allowed for eligible manufacturers; prescribed procedure, payment deadline and interest plus daily penalty on defaults. Rule 173G.G allows manufacturers eligible under value-based clearance exemptions to discharge monthly excise duty by notifying the Commissioner, assessing duty per consignment and recording particulars in a modified Form RG-1, indicating duty on invoices, aggregating duty for each calendar month and debiting the account-current or specified RG 23A/23C accounts to discharge the total liability within the prescribed post-monthly period.
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.
Monthly payment of excise duty allowed for eligible manufacturers; prescribed procedure, payment deadline and interest plus daily penalty on defaults.
Rule 173G.G allows manufacturers eligible under value-based clearance exemptions to discharge monthly excise duty by notifying the Commissioner, assessing duty per consignment and recording particulars in a modified Form RG-1, indicating duty on invoices, aggregating duty for each calendar month and debiting the account-current or specified RG 23A/23C accounts to discharge the total liability within the prescribed post-monthly period.
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