Return without depositing Excise duty, Central Excise

[Prem Bajaj]

Dear Sir,

Can i file Excise return with out depositing Excise duty with the deptt.??

Thanks in advance.

Posts / Replies

[venkat eswaran]

Not possible

[Ganeshan Kalyani]

Sir, in my view you can, but interest and penalty is your guest then. Thanks.

[KASTURI SETHI]

Sh.Ganeshan Kalyani Ji,

I do agree with you. Return will be uploaded with red remarks regarding not-paid or short-paid whatever the case may be. Guest will have to be welcomed without any grouse.

[Ganeshan Kalyani]

Sri Kasturi Sir delaying payment of duty by choice, will it amount to willful attempt and provision of penalty would apply. Your view is requested please. Thanks.

[KASTURI SETHI]

Yes. Sir Your observation is absolutely correct.

[Ganeshan Kalyani]

Sir, when the red mark is awarded then Department eye on the assesse first for any enquiry , audit etc. Sri Kasturi Sir, do you agree sir ?

[KASTURI SETHI]

Sh.Ganeshan Kalyani Ji,

Yes. Sir I agree with you. Red signal is always dangerous. You cannot cross red light without penalty.

[Kumar Gaurav]

You can file your excise return without depositing the duty thereon AND deposit the duty along with interest and inform the excise authority in writing . In such a situation , penalty would not be attracted......

[Ganeshan Kalyani]

Sri Kumar Gustav Ji, there is a provison for knowing not paying the tax. I believe unless there is any strong reason like financial crises the department will not accept the delay. Looking for your feedback. Thanks.