Fortnightly payment of duty (2000):

Prior to March 2000, the duty had to be discharged before removing the goods from the factory and in some circumstances on the day on which it is removed.

However, in 2000, the fortnightly payment of duty was introduced for all commodities as an extension of the monthly payment system which was introduced for Small Scale Industries.

Further, the declaration of inputs for availing the Modvat (now Cenvat) was dispensed with from April 2000 itself.