Rule 173G governs the maintenance of a Personal Ledger Account. Rule 173G requires the assessee to periodically deposit cash payments into the Treasury under TR-6 challan in order to ensure that the balance in the PLA is sufficient to discharge duty which is due on the goods which are intended to be removed at any time. In terms of the provisions of Rule 173G, assessees are required to apply to the excise authorities for allotment of a specific number of the PLA that they intend to maintain.
28 July 2010
Agree with Sanjay ji, PLA is like a passbook to pay excise duty interest and penalty You can deposit amount through TR 6 and the PLA will be charged this is utilised as you pay duty
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