9911796707
TMI BlogPLA or account currentX X X X Extracts X X X X X X X X Extracts X X X X ..... PLA or account current X X X X Extracts X X X X X X X X Extracts X X X X ..... bank 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 erst ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... while 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 do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cument 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... events, 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. Regar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds 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 pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vided to the excise department. X X X X Extracts X X X X X X X X Extracts X X X X
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