21 February 2010

e-Payment of excise Duty Lowered

e-payment floor for excise duty lower

The Finance Ministry has lowered the threshold for payment of excise duty through the Internet banking route.

The Central Board of Excise and Customs (CBEC) has now stipulated that Internet banking should be the payment mode for all central excise assesses that fork out "Rs 10 lakh or more (including the cenvat credit utilisation) in a preceding financial year." Hitherto, e-payment of excise duty was mandatory only for those central excise assesses that paid excise duty of Rs 50 lakh and above (other than cenvat credit utilisation) in a financial year. Meanwhile, the CBEC has also now stipulated that assesses who pay excise duty of over Rs 10 lakh in a financial year, must file their monthly or quarterly returns electronically









Notification No. 04/2010-Central Excise (N.T.)


New Delhi, the 19th February, 2010.


G.S.R.     (E).- In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Central Excise Rules, 2002, namely:-


1.    Short title and commencement.-

            (1) These rules may be called the Central Excise (Amendment) Rules, 2010.

            (2) They shall come into force from the 1st April, 2010.


2.         In the Central Excise Rules, 2002 (hereinafter referred to as the said rules), in rule 8, in sub-rule (1), in third proviso, for the words "duty of fifty lakhs rupees or more, other than the amount of duty paid by utilization of CENVAT credit, in the preceding financial year," the words, "total duty of rupees ten lakh or more including the amount of duty paid by utilization of CENVAT credit in the preceding financial year" shall be substituted


3.         In the said rules, in rule 12, in sub-rule (1), after the second proviso and before third proviso, the following proviso shall be inserted, namely:-


"Provided also that where an assessee has paid total duty of rupees ten lakh or more including the amount of duty paid by utilization of CENVAT credit in the preceding financial year, he shall file the monthly or quarterly return, as the case may be, electronically:"




F.No. 201/20/2009-CX.6




(V.P. Singh)

Under Secretary to the Government of India


Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section(i), dated 1st March, 2002 vide notification No. 4/2002-Central Excise (N.T.), dated the 1st March, 2002, [G.S.R. 143 (E), dated the 1st  March, 2002] and were last amended, vide, notification No. 17/2009-Central Excise (N.T.), dated the 7th July, 2009, [G.S.R. 482 (E) dated the  7th July, 2009].  


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