GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
Notification No. 15/2013 – Central Excise (N.T.)
New Delhi, the 22nd November, 2013
01, Agrahayan 1935 Saka
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
ANALYSIS:
The Threshold limit for mandatory e-payment of Central Excise duty has been reduced to Rs. 1 lakh against Limit of Rs 10 Lacs previously. Hence where the assessee has paid service tax / central Excise of Rs 1 Lac or more (via Cash / Cenvat / PLA), he is required to deposit in electronic mode only.
NOTE:
Similar amendment has been carried out in service tax also through Notification No. 16/2013
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