I am CWA student., one query
If Excise return is not filed on time., and duty is not paid on time what will be the cause and interest payable.
7 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 06 May 2012
The Assessee shall be liable to pay Interest @ 18% p.a on the Outstanding Excise Duty for the period from the end of the due date till the date of payment. The Excise Department may also levy penalty for non-filing of Excise Return. Also, the Invoices issued after the the due date of non filing of Excise return will be invalid for Cenvat purpose.
Regards,
Devendra Kulkarni
VIKRAM SINGH KAROLA
(MANAGER)
(26 Points)
Replied 16 May 2012
We can use 4% SAD in 2%+ 1% Edu Cess & S.H.E.Cess,
From
Vikram Singh Chouhan
Daman (UT)
VIKRAM SINGH KAROLA
(MANAGER)
(26 Points)
Replied 16 May 2012
We can use 4% SAD in 2%+ 1% Edu Cess & S.H.E.Cess,
From
Vikram Singh Chouhan
Daman (UT)
VIKRAM SINGH KAROLA
(MANAGER)
(26 Points)
Replied 16 May 2012
what is penalty for ER-1, 4, 5, 6 & 7 in case after due date ?
VIKRAM SINGH KAROLA
(MANAGER)
(26 Points)
Replied 16 May 2012
what is penalty for ER-1, 4, 5, 6 & 7 in case after due date ?
VIKRAM SINGH KAROLA
(MANAGER)
(26 Points)
Replied 16 May 2012
what is penalty for ER-1, 4, 5, 6 & 7 in case after due date ?
VIKRAM SINGH KAROLA
(MANAGER)
(26 Points)
Replied 16 May 2012
what is penalty for ER-1, 4, 5, 6 & 7 in case after due date ?
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