Dear Exper Frnds,
As per my knowledge PLA account is used to transfer the amount of Excsie Duty to the govt.
after making utilization of Cenvat credit.
Cenvat credit(RG 23 Acct.) : 500
Excise Liability : 800
PLA Act. : 300
We have to deposit the amount 300 INR through TR-6 Challan into the PLA Account.
Since PLA Account is the company's Bank Account with govt.Till here it is clear.But through
J1IH Other Adjustment option we can withdraw amount from PLA account.How can we credit PLA
Account under what circumstances it is done.I think system should not allow to withdraw money from
PLA only allow us to deposit.