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eletronically payment of excise duty

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(Querist)
04 June 2010 please tell me,

we neither paid excise duty exceeding Rs. 50 lac. in previous year nor in current year.

is it mendatory to pay excise duty of Rs 20 lac for the month eletronically

thanks & regards
ujagar
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Deepak Goel

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Deepak Goel (Expert)
04 June 2010 Yes, you have to pay excise duty electronically
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
04 June 2010 Online payment of excise duty and service tax is mandatory w.e.f. 1-4-2010, if the tax/duty paid in previous year (by cash or through Cenvat credit) was more than Rs 10 lakhs.
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ajay taneja

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ajay taneja (Expert)
05 June 2010 Agreed with the experts

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