Excise penalty
This query is : Resolved
25 January 2016
a proprietory company has not paid excise from 2103 and turnover is below 80lacs.
excise department has raided and slammed penalty with interest of 50 lacs, company is in loss and is Non performing Asset by Bank
what step should be taken to revive from this ?
Arun Kumar Singh
(Expert)
25 January 2016
You should consult with any professional penalty can be waived.
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