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Historical Perspective: Central Excise - E-payment of Indirect Taxes - Central Excise

Historical Perspective: Central Excise
  • Contents

Historical Perspective: Central Excise

The provisions requiring mandatory payment of Central Excise Duty/Customs Duty/Service Tax has covered a significant journey since introduction in 2006/2007. The following details will help us in understanding this journey.

• Vide notification No.   8/2007-CE (N.T.) dated 01.03.2007 [w.e.f.01.04.2007]

Central Excise Rules, 2002 was amended, making e-payment of Central Excise Duty through internet banking mandatory for the Central Excise Assessee who has paid ₹ 50 lakhs [PLA] in the preceding financial year.

• Vide notification No. 04/2010-CE (N.T.) dated 19.02.2010 [w.e.f. 01.04.2010], the prescribed limit for mandatory e-payment was lowered to ₹ 10 lakhs or more [PLA + CENVAT] in the preceding financial year.

• Vide notification No. 15/2013-CE(N.T.) dated 22.11.2013 (w.ef. 01.01.2014), the prescribed limit for mandatory e-payment was further lowered to Rs.1 lakh or more [PLA + CENVAT] in the preceding financial year.

• Vide notification No. 19/2014-CE (NT), dated 11.07.2014 ( w.e.f. 01.10.2014), it has been made mandatory for all Central Excise assessees except in exceptional circumstances permitted by the jurisdictional AC/DC.

 
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