How much and how to pay penalty on delayed excise payments?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2011 I was to pay Excise Duty by the 5th October but paid it on 7th October instead. I forgot to mention the interest/penalty while filing returns. I have been asked to pay the same by Excise Department. how do I do it? Do I revise the same return or do I have an option to pay it seperately, if yes which challan and under what heading?

Thanks,
Sanjay

S.P.Mahanta

S.P.Mahanta (Expert)
Follow

21 October 2011 You can pay interest for late payment of excise duty for 2 days @ interest of 18%immediately through Gr-7 challan. No penalty payable if Er-1 filed in time. Payment of interest with challan reference to be included in ER-1 of Oct'11.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Lalan Kumar Jha

Sabyasachi Mukherjee

Poojitha Raam Vinay

Mukesh Singh

Krishna Kumar A

Subscribe Now

How much and how to pay penalty on delayed excise payments?

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

CA Final

GST CONSULTANT

GST CONSULTANCY

Accountant

Manager- Finance and Compliance