CE Rules Modified

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.... Every manufacturer, other than a manufacturer who is availing of the exemption under notification based on value of clearances in a financial year, shall discharge his duty liability in respect of clearances of excisable goods from the place or premises specified under rule 9 or from a store room or other place of storage approved by the Commissioner under rule 47 made:- (i) during the first fortnight of the month, by the twentieth day of that month; (ii)during the second fortnight of the month, other than the month of March, by the fifth day of the succeeding month; and (iii) during the second fortnight of March, in the following manner, namely:- (I) the manufacturer shall pay, by the 31st day of March, a sum equal to the aggr....

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....s 16% ad valorem, the manufacturer shall pay a sum of Rs. 14.4 lakhs plus Rs. 8.64 lakhs [ (90/10) x 6 x 0.16 1 by 31-3-2001. The manufacturer is eligible to utilize the excess payment of Rs. 0.64 lakhs as adjustment against the duty liability for the first fortnight of April or any subsequent fortnight. (aa) Every manufacturer availing of the exemption under a notification based on the value of clearances in a financial year shall discharge his duty liability in respect of clearances made during a calendar month, by the fifteenth day of the succeeding month. Explanation. - For removal of doubts, it is hereby clarified that the duty liability under clause (a) or clause (aa) shall be deemed to have been discharged only if the amount pa....

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.... for the second fortnight of March, excess amount may be adjusted against the duty libility for the first fortnight of the month of April of that year and where such adjustment is not possible for any reason, against the duty liability for any subsequent fortnight. Illustration I. A manufacturer clears goods worth Rs.90 lakhs during the period from 16-3-2001 to 25-3-2001 and goods worth Rs. 60 1akhs during the period from 26-3-2001 to 31-3-2001. Assuming that the rate of duty is 16% ad valorem, the manufacturer shall pay a sum of Rs. 14.4 lakhs plus Rs. 8.64 lakhs [ (90/10) x 6 x 0.16 ] by 31-3- 2001. The manufacturer shall pay the balance duty liability of Rs. 0.96 lakhs (Rs.24 lakhs minus Rs.23.04 lakhs) by 20-4-200 1. Illustration ....