01 September 2015
Dear Expert, Please Help Rs 5000 the Penalty and interest on non filing excise return ER-6,ER-5,ER-4, is this penalty monthly basis or Yearly ? My mean Rs 5000 for each month in case of ER 6 total of one year 5000*12 =Rs 60000 /- Regards, Amit
01 September 2015
The only penalty will be imposed on late or non filling of return of Rs. 5000/- per return. Interest will be imposed on late payment of duty only.