09 May 2012
Duty is paid by assessee through current account known as PLA (Personal Ledger Account). The PLA is credited when duty is paid i.e., deposited in the bank by filling a challan called TR-6/GAR-7 on monthly basis. Only excise duty paid comes in PLA the items like fine, penalty, interest does not appear in PLA. A PLA contains: 1. Serial number and date 2. Details of TR-6/GRA-7 challan number 3. Balance duty etc. The PLA is maintained in triplicate using both sided carbon.
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