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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2016 Dear Sir,

What is the formula for calculation of interest if 70 days late payment of excise duty ?

What is the formula for calculation of interest if 60 days late filing of excise return ?

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ANIL JANGID

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ANIL JANGID (Expert)
16 January 2016 DUTY*18% INTREST*NO OF DAYS/365, 1% PLENTY ALSO PAID IF DUTY NOT PAID WITHIN 30 DAYS.

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