Excise return

Gaurav Pareek (Article) (30 Points)

16 January 2017

excise return of a Trader is not submitted from last 2 years.

tell me when he will submit his excise return and tell me about interest or penalties.

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Nagendra Hegde (Chartered Accountant) (1948 Points)
Replied 16 January 2017

Dear Gaurav,

Trader should tell when will he file the return !!

There is no interest applicable as far as he has paid his duty liability on time.

W.e.f 01.03.2015, the late fiing fee (Penalty) of Rs.100 per day of delay is applicable subject to maximum penalty of Rs.20,000/-

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