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Difference in pla & modvat

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 February 2014 Please let me know that there is any coorelation in PLA & Modvat in Excise and what is the difference between them.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
23 February 2014 PLA means personal leaser account you pay the excise duty from bank account. If you have the duty from credit account that is called cenvat credit account. You need this details at the time of filing of return.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 February 2014 Thank for your prompt reply,

Can you please eloborate the same
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