PLEASE INFORM ME WHAT IS PENALTY FOR NON FILING DEALER QUARTERLY EXCISE RETURN
THANKS IN ADVANCE,
KIYOSH
CA Nitin Karmalkar
(Senior Associate)
(70 Points)
Replied 21 October 2011
Dear Kiyosh,
There is no specific penalty under Excise rules for non filling of returns. But a general penalty of Rs. 5000 may be levied for non copliance with excise rules.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 21 October 2011
the invoice issued by the dealer may be cancelled, not hounoured by the department and he will face pressure from customers for reimbursement of excise duty for his non compliance with excise.
Amit
(Executive)
(22 Points)
Replied 10 September 2012
Presently we are filing manually quarterly return of dealer Excise in place of e-return.
What is the penalty for that.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 10 September 2012
if the return is accepted by R/O with his seal and sign, then no penalty, but right now all dealers have to file the e return ( except in few cases where the dealer is importer)