Threshold limit for mandatory e-payment of Excise duty reduced to Rs. One lakh wef 01.01.2014

Reduction of threshold limit for mandatory e-payment of Central Excise duty to Rupees One lakh

Notification No. 15/2013 – Central Excise (N.T.)

New Delhi, the 22^nd November, 2013

G.S.R. (E). – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules to further amend the Central Excise Rules, 2002, namely:-

1. (1)   These rules may be called the Central Excise (Second Amendment) Rules, 2013.

(2)   They shall come into force with effect from the 1st day of January, 2014.

2. In the Central Excise Rules, 2002, in rule 8, in sub-rule (1), in the third proviso, for the words  “rupees ten lakh”,  the words “rupees one lakh” shall be substituted.

F. No. 201/02/2013-CX.6

(Pankaj  Jain)
Under Secretary to the Government of India

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), dated the 1st March, 2002 vide notification No. 4/2002 – Central Excise ( N.T.), dated the 1^st March, 2002, [G.S.R. 143 (E), dated the 1st March, 2002] and was last amended, vide, notification No. 2/2013 – Central Excise (N.T.), dated the 1^st March, 2013, [G.S.R 149(E) dated the 1^st March, 2013].