dear frnds
here our company by mistakenly pay excise duty 10.3% instead of 12.36% for 2 months january and february 2015
till we didnt get any notice from department
we recently observe our miastake then what is the next step to be taken
please suggest me (if we liable for interest what is the interest rate and on what amt interest to be caliculate and any penality)
Dear Sir,
Please pay differential duty (12.36% - 10.30%) through PLA. And interest @ 18% P.A. on differential duty. Give intimation to the Range Office. And also show this in your current month ER-1.
than q niraj kumar sinha
Chirag N Shah & Associates
Mumbai
CA Inter
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Interactive Media Pvt Ltd.
New Delhi
CA Inter
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Jawahar and Associates Chartered Accountants
Hyderabad
CA Inter
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CAclubindia
Pro
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