Notification No. 04/2010-Central Excise (N.T.)
Dated: 19.02.2010
Central Government vide Central Excise (Amendment) Rules, 2010, has made following amendments in respect of payment of Central Excise Duty (’duty’) and filing of Central Excise return with effect from April 1, 2010 –
- Electronic payment of duty has been made mandatory for assessees whose total duty payment including utilization of CENVAT credit for the preceding financial year is Rs. 10 lakh or more as against the existing threshold of Rs. 50 lakh or more without considering the payment by utilizing CENVAT credit.
- Electronic filing of monthly or quarterly return, as the case may be, has been made mandatory for assessees whose total duty payment including utilization of CENVAT credit in the preceding financial year is Rs. 10 lakh or more.
Source
1. Notification No. 04/2010-Central Excise (N. T.) dated February 19, 2010.
