TaxTMI 
TaxTMI 
TaxTMI 
PLA or account current
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....LA or account current<br> Query (Issue) Started By: - Dipneet Kaur Dated:- 10-7-2014 Last Reply Date:- 11-7-2014 Central Excise<br>Got 2 Replies<br>Central Excise<br>It is an account with authorised b....
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....ank created aftr prior information to excise department. It is upto assess to open this account or not. Am I correct Reply By Pradeep Khatri: The Reply: PLA mean Personal Ledger Account. In the erstw....
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....hile rules there was a requirement to get the PLA number from the Central Excise Department but now there is no such requirement. It is a simple account of duty credit and debit. GAR 7 is the base doc....
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....ument to deposit the duty in the authorized bank. On the basis of such deposition, assesse may avail the credit of the amount so deposited in the bank. Debit entries are made in PLA on the following e....
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....vents, viz:- * Removal of goods/Raw material/ components, capital goods etc. * Payment of Interest * Payment of Penalty * Payment of amount under Rule 6 of the CENVAT credit Rules etc. Regard....
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....s Team YAGAY and SUN (Management and Indirect Tax Consultants) Reply By Naveed S: The Reply: Yes, and it is upto the assessee to open bank account.. no permission/intimation/information to be prov....
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....ided to the excise department.<br> Discussion Forum - Knowledge Sharing ....