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Interest and penalty on delayed payment of Exice duty and return

Central Excise - Started By: - CMA VENKATESHAM MUTA - Dated:- 8-10-2015 Last Replied Date:- 9-10-2015 - Sir,Please clarify me the following doubt.ED payable is rs 10000 on 6th aug-15But payment and return filed on 25-09-2015,Int. Paid is rs. 150,Pena .....

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along with the return on 25-09-2015 - Reply By Rajagopalan Ranganathan - The Reply = Sir, The amount of duty to be paid is ₹ 10.000/- There is a delay of 50 days in depositing the duty. The rate of interest is 18%. Therefore the amount of inter .....

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f Central Excise Rules, 2002. In respect of return you have to file it on or before 10.8.2015. But you have filed it on 25.9.2015. Therefore there is a delay of 45 days. This attract a penalty of ₹ 4,500/- (45 days x ₹ 100/- per day) vide .....

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