Due date for payment for those availing 1/2011 CE, Central Excise

[Harish Lath]

Whether an assessee is availing the benefit of  Exemption Notification No 1/2011 CE Dated 1/3/2011 and is manufacturing only those goods which are specified in the said notification and is filling ER-8 Return can pay duty on quarterly basis or not

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[CA. Surender Gupta]

I have tried to find any notification or rules i.e. Rule 8 of  Central Excise Rules, 2002 for providing any concession for making quarterly payment instead of monthly payment. But could not. 

Therefore, unit availing notification no. 1/2011 CE is not entitled for quarterly payment of duty of excise.

However, there is one exception to this submission that, if the unit is eligible for availing SSI exemption i.e. its turnover is not exceeding 4 crores, during the previous year, it can opt for making payment on quarterly basis. - Rule 8 as amended is self explanatory.