ER -2 Monthly returns 100% EOU scheme

This query is : Resolved

Amar (Querist)
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24 November 2008 Dear all members
Monthly returns for 100 % export oriented undertakings in respect of goods cleared and receipt of inputs and capital goods - ER2 should be filed every month is a statutory one or not.
If it is statutory one - if there is no transactions also we have to file it or not.
What is the due date?.
what will be the consequences if the returns are not filed in time.

Thanks in advance.
Amar.
Since 3 days no one is answering why, please help me out.
Amar.

Amar

Amar (Querist)
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26 November 2008 Dear Members,

Help me in this matter.
Amar.

Rajesh Kumar

Rajesh Kumar (Expert)
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10 February 2009 Yes, it is a statutory requirement to file monthly return. Even if no transaction is made, a nil return should be filed.
If you have not filed return, you should prepare returns for all the months and file it without delay.
You can be penalised under Rule 27 of the Central Excise Rules. Maximum penalty is Rs. 5000. If you contest, the penalty amount can be a lower.

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