New registration under central excise

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 March 2015 Dear All,

if a proprietorship concern has registered under central excise say on 24.02.15, now it has raised invoice with excise from that date. Since for feb month,the last date of payment is 5/6th day of march, but it has not paid.
and now it want to deposit excise for both month on 31.03.2015.
then now question is that there interest will be charged on late deposit of feb month or any relaxation is available there. if interest then what rate?

Plesae clarify

26 March 2015 You need to pay excise duty along with interest @ of 18% per annum for the month of February.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 March 2015 thanks for reply,

Now a question that if firm has purchased the goods with excise before date of registration under central excise, then can it claim those excise duty paid on purchase as cenvat credit. if yes, then for how much period?. please.


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