Excise/Accounts/Audit

This query is : Resolved

Rajesh (Querist)
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18 June 2010 Please guide me on the following queries with respect to large tax payer unit.
1. Date at which Excise duty has to be paid every month (also for the month of march)
2. The mode of payment for making excise duty on the amount payable.
3. How to compute the amount payable
4. The challon which has to be filled while making payment of excise duty.
With regards,
Rajesh

Arbind Aggarwal

Arbind Aggarwal (Expert)
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18 June 2010 There is no saperate procedure for LTU.

Duty has to be paid electronically by 6th day of the next month. For march duty has to be paid by 31st march.

For electronic payment no challan is needed.

Electronic payment is must if total duty liability from PLA is more then 50 lakhs in the previous year.

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