10 September 2012
Respected Experts, Can anyone provide me the fine or penalty that would be levied if ER-4 or ER-7 returns are not filed by the company.
Please provide me the section of Central Exise Act or rules as the case may be.
10 September 2012
As per rule 27 of Central Excise Rules, 2002 a penalty which may extend to Rs. 5000/- is leviable for not filing of ER 4 and ER 7 both shall be treated as independent offence