Penalty for non-filing of er-4 and er-7 returns..urgent sir!

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Rajesh (Querist)
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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.

Thanks & Regards,
Rajesh.

CA Suresh Jain

CA Suresh Jain (Expert)
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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

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