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Penalty

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24 July 2014 What is the penalty & interest for Delay paymeny of Excise duty & Delay filing of ER-1
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subhash sharma

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subhash sharma (Expert)
25 July 2014 the penalty are issued by department by way of notice to you subject to 1500/- or more for late for monthly excise assessment.

the interest of late deposit are 18% PA for maximum 30 days after that defaulter rule applicable to you of Rule 8(3) of excise...

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