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matter of excise

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Guest

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Guest (Querist)
08 November 2010 good morning to all expert,
plz tell me if i m not register in excise. & i m to late deposit querterly return of excise than panelty will be 10000 is it rught .if wrong plz clear my doubt.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
08 November 2010 Penalty may be 10000 or more also.
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
08 November 2010 Get registered, pay the duty applicable after availing the credits available, pay interest for the delayed payment. pay the penalty only for late filing of return as specified.
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