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Excise penalty for late return

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2015 Dear experts,
as per excise rule penalty of rs 5000 can be imposed for filling late excise return.but i want to know weather this penalty will be levied as per slab wise or will be directly imposed by 5000/-

thanx & regard
Richa Goyal
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
23 September 2015 There is no any slab for penalty in excise they can imposed maximum of Rs. 5000/-.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2015 Sir this penalty will be imposed on demand by department........
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
23 September 2015 Yes, No need to deposit late fee before demand. If you will consult with them they can reduce the penalty.

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