03 October 2012
Our co. is manufacturing as well as trading concern....while making payment of excise duty it does not fully utilize the input means it makes payment partially by taking credit of inputs and balance through PLA inspite of having more balance in Input Account.. My question is whether there exist any statutory requirement to make certain payment from PLA inspite of the fact that balance still lying in Input A/c?
03 October 2012
There is no Statutory requirement of making minimum payment through PLA. However for reaching targets jurisdictional Excise Officials may insist for some cash payment.
CAclubindia
