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Rate of interest on late payment of excise

Central Excise - Started By: - MEHUL ASHAR - Dated:- 2-4-2015 Last Replied Date:- 28-10-2015 - Respected sir, As regarding above subject,my query is is there any change in the rate of interest on late payment of PLA according to the budget-2015-16 an .....

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eply = Dear Mehul,Basic interest rate is 18% and it increases as the times lapses further upto 30%. It was announced in last Budget.YAGAY and SUN(Management, Business and Indirect Tax Consultants) - Reply By Rajagopalan Ranganathan - The Repl .....

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notification under 8[section 11AA] of the Act on the outstanding amount, for the period starting with the first day after due date till the date of actual payment of the outstanding amount. As per rule 8 (3 A) of Central Excise Rules, 2002 if the ass .....

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