Sir,
I want pay late file penalty but i have no idea Duty code which is code of penalty so please advoice me any asap.
sanjay
(Student)
(22 Points)
Replied 18 May 2016
Sir,
I want pay late file penalty but i have no idea Duty code which is code of penalty so please advoice me any asap.
Vinayak
(Deputy Manager-Indirect Tax)
(21 Points)
Replied 20 September 2016
For non filing of return the penlty is per day 100 Rs. or maximum Rs. 20,000/- whichaver is higher as per Rule 12(6) of Central Excise Rule, 2002.