Pay Duty and File Return Electronically
COME April 1, 2010, the Central Excise Department will become more electronic. If you have paid more than Rs. Ten lakhs as excise duty in the preceding financial year [and this included duty paid from CENVAT Credit account], you will have to mandatorily pay the duty electronically by internet banking and file the monthly or quarterly return electronically. Rule 8 and Rule 12 of the Central Excise Rules have been amended.
Let us hope this does not become an April Fool joke and the department is fully ready to accept electronic returns and the assessees are assisted in filing their returns.
NOTIFICATION NO. , Dated: February 19, 2010.