Central Excise Duty payable as per CAS4, Central Excise

[deepak kalambate]

Dear Sir,

Please let us know whether we can make adhoc payment of Central Excise Duty for the year 2013-14 against CAS4.

Thanks & Regards,

Deepak

Posts / Replies

[Pradeep Khatri]

Dear Deepak,

You may opt for deposition of duty provisionally.  At the time of final determination of Duty Amount, you would have to pay the differential amount of duty along with interest at applicable rate which is currently at the rate of 18 percent p.a.

Team YAGAY & SUN

 

[CA. Surender Gupta]

If you are unable to determine the correct value at the time of removal of goods, you may apply for provisional assessment in the manner prescribed under Rule 7 of the Central Excise Rules, 2002.