Prior to 1.1.14, a manufacturer/service tax payer was required to pay duty of Central Excise/Service tax through internet banking (e-payment) if the total duty paid by the assessee exceeded rupees ten lakhs in the previous financial year as per Rule 8 of the Central Excise Rules, 2002 and Rule 6 of the Service Tax Rules, 1994 respectively.
However ,vide Notification No. 15/2013- C.E ( N.T) and Notification No. 16/2013 -(ST) dated 22-11-13 , a manufacturer or a Service tax payer who has paid a duty or tax of more than rupees one lakh in the previous financial year shall be required to pay duty or tax through internet-banking, with effect from 1st of January , 2014.
Notification No. 15/2013- C.E ( N.T)
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
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
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 1st 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 1st March, 2013, [G.S.R 149(E) dated the 1st March, 2013].
Source: www.tdstaxindia.com
