I have not filed any return after registering a firm as central excise dealer/importer from 04.2014 and the Code is active. I want to know what are the steps i have to do to continue as dealer and the penalties i should pay
Napolean Vijayarengam (4 Points)
03 February 2016I have not filed any return after registering a firm as central excise dealer/importer from 04.2014 and the Code is active. I want to know what are the steps i have to do to continue as dealer and the penalties i should pay
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 February 2016
try to file returns uptodate,
maximum penalty is 5000 per return (20000 from 1st april 2015) , which would be called by a SCN by department at later date, and it may get reduced on genuine grounds. but keep yourself update and file the return 1st
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