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Late filing of excise returns

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(Querist)
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
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
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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