Late filing of excise returns

This query is : Resolved 

28 December 2013 Dear Sir

If we pay and file Excise return late by one month, what is the rate of interest government will charge us.

Thanking You

Amruth Kumar


01 January 2014 If you have to pay the duty after due date then interest will be applicable @ 18% per annum and maximum penalty of Rs. 5000/- can be imposed for late filing of return.



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