TaxTMI 
TaxTMI 
Payment of Duty
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.... (except for the month of March) - for all assesses excluding SSI units who are availing SSI exemption. (6th day of the following for each month if paid through electronic mode) 2. By the 5th day of the following month from the end of quarter - for the units availing SSI exemption (6th day of the following for each month if paid through electronic mode). 3. By 31st day of March for the month of ....
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.... challans to department and assessee at his door step. Proof of payment of duty: There is no such provision in excise rules as invoice itself is the proof of payment of duty but in some cases (like where buyer insist) certificate may be issued by excise officer after verification. Consequences on Failure to pay duty: 1. If the assessee fails to pay duty by due date he will be liable to pay the....
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....penalty but will be considered as an offence. * PAN based registration no. * Serial no. and date * Details of credit (GAR-7 EX challan) * Details of debit * Final balance * 4. PLA has to be prepared in triplicate using inedible pencil double-sided carbon. 5. Original and duplicate copies of PLA and copies of GAR-7 EX challan are to be detached at the end of each month to be submitte....
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....try is made later. * 3. If despite such order and restrictions, assessee clears goods without payment of duty, he will have to bear the consequences and penalties as applicable for removal of goods without payment of duty [Rule 8(3A)]. Goods can also be confiscated. Payment in case of closure of bank: 1.Where assessee knows about closure of bank in advance - the assessee should deposit adequ....