How much and how to pay penalty on delayed excise payments?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2011 I was to pay Excise Duty by the 5th October but paid it on 7th October instead. I forgot to mention the interest/penalty while filing returns. I have been asked to pay the same by Excise Department. how do I do it? Do I revise the same return or do I have an option to pay it seperately, if yes which challan and under what heading?

Thanks,
Sanjay

S.P.Mahanta

S.P.Mahanta (Expert)
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21 October 2011 You can pay interest for late payment of excise duty for 2 days @ interest of 18%immediately through Gr-7 challan. No penalty payable if Er-1 filed in time. Payment of interest with challan reference to be included in ER-1 of Oct'11.