• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

K.R.Srivats

New Delhi, Sept. 14 The Finance Ministry has provided additional time for payment of Central excise duty under the e-payment route. This is being seen as the Government’s attempt to encourage central excise assessees to go in for e-payment of duties.

Central excise assessees could now pay excise duty up to the sixth day of the following month, as against the earlier specified fifth day, if they were to make the payment electronically. Additional time has also been given for excise duty payment by small scale industries (SSIs), according to a Revenue Department official.

In March this year, the Government had stipulated that central excise assessees who have to pay excise duty of Rs 50 lakh and above in a financial year would have to mandatorily do so through e-payment. This norm came into effect from April 1, 2007. Currently, 85 per cent of excise duty collections come through e-payment. For 2007-08, the Government has pegged the Budget estimate for central excise duty at about Rs 1,30,000 crore.

More Stories on : Excise and Customs | E-Governance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Deluge in Kochi

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line