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    <title>PAYMENT OF DUTY</title>
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    <description>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&#039;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.</description>
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    <pubDate>Sun, 22 Jul 2012 11:51:00 +0530</pubDate>
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      <description>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&#039;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.</description>
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