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Interest calculation for the payment of excise duty

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 August 2015 Whether Interest Caculation for the late payment of duty@ 18% is to be made day wise or month wise???
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
14 August 2015 The rate of interest will be applicable @ of 18% upto 6 month.

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