Query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 January 2016
Dear Sir,
What is the formula for calculation of interest if 70 days late payment of excise duty ?
What is the formula for calculation of interest if 60 days late filing of excise return ?
What is the formula for calculation of interest if 70 days late payment of excise duty ?
What is the formula for calculation of interest if 60 days late filing of excise return ?
ANIL JANGID
(Expert)
16 January 2016
DUTY*18% INTREST*NO OF DAYS/365, 1% PLENTY ALSO PAID IF DUTY NOT PAID WITHIN 30 DAYS.
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