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Central excise delayed interest amount payable head code

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(Querist)
08 May 2013
Monthly return remittance got delayed for
Central Excise. What is the delayed interest amount payable Head code. How can we calculate the interest. for Example my due amt is Rs.100000 and delayed for 1 month.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
09 May 2013 Interest rate will be calculate at the rate of 18% per annum and interest payable in the head of 0087.

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