Excise penalty for late return

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2015 Dear experts,
as per excise rule penalty of rs 5000 can be imposed for filling late excise return.but i want to know weather this penalty will be levied as per slab wise or will be directly imposed by 5000/-

thanx & regard
Richa Goyal

23 September 2015 There is no any slab for penalty in excise they can imposed maximum of Rs. 5000/-.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2015 Sir this penalty will be imposed on demand by department........

23 September 2015 Yes, No need to deposit late fee before demand. If you will consult with them they can reduce the penalty.


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