Q.
What is the Interest rate in case of late payment of Excise Duty?
Asked by KB Singh,
14 Oct '11 01:19 pm
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Answers (4)
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In case of late payment of Excise Duty Interest @ 18% per annum should be paid.
________________________________________________________ ______________
Lawcrux is a body corporate registered under the Companies Act, 1956. It is a team of Chartered Accountant, Company Secretaries, Advocate and Retired Government Officials. For More Information visit: http://www.lawcrux.com , phone No: +91.0129-4030353.
http://www.lawcrux.com
Lawcrux offer consultancy & unique e-book| library| publication on Central Excise, Custom, Service Tax, Foreign Trade policy, Export Import matters, GST, EOU, EPCG, NEPZ, SEZ, DEPB, Export Incentives and Benefits, Representation before CBCC, DGFT ,Tax planning, Drawback, Advance License & {Lawcrux Presents PAYROLL / Manufacturer Excise Softwares}
________________________________________________________ ______________
Lawcrux is a body corporate registered under the Companies Act, 1956. It is a team of Chartered Accountant, Company Secretaries, Advocate and Retired Government Officials. For More Information visit: http://www.lawcrux.com , phone No: +91.0129-4030353.
http://www.lawcrux.com
Lawcrux offer consultancy & unique e-book| library| publication on Central Excise, Custom, Service Tax, Foreign Trade policy, Export Import matters, GST, EOU, EPCG, NEPZ, SEZ, DEPB, Export Incentives and Benefits, Representation before CBCC, DGFT ,Tax planning, Drawback, Advance License & {Lawcrux Presents PAYROLL / Manufacturer Excise Softwares}
Source: www.lawcrux.com
Answered by Nagesh Bajaj, 14 Oct '11 01:29 pm
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1% per month on actual days of delay i.e. interest is calculated on daily basis and not monthly
Answered by Pooja, 14 Oct '11 01:23 pm
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