How to calculate interest on excise duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 October 2015
Dear Sir,
Please tell me how to calculate interest on excise duty.
my company excise duty payable is 375000 and we not paid it on time 5.10.2015.
please calculate what is the interest amount on this.
Please tell me how to calculate interest on excise duty.
my company excise duty payable is 375000 and we not paid it on time 5.10.2015.
please calculate what is the interest amount on this.
06 October 2015
The interest will be calculated at the rate of 18% per annum. If delay is more than one month then you need to pay penalty at the rate of 1% per month.
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