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Penalty under Rule 27 for Technical Lapses? No Way

  D R Pandit    20 December 2012 at 10:55

Rule 27 of Central Excise Rules 2002, is generously used for penalizing technical lapses. Many subscribe to the view that when penalty is imposed under Rule 27 for say, delayed filing of Returns, the penalty is payable. With due respect to all those




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