Section 15B - Penalty for failure to furnish information return - Central Excise Act, 1944

1 [Penalty for failure to furnish information return 15B. If a person who is required to furnish an information return under section 15A fails to do so within the period specified in the notice issued under sub-section (3) thereof, the prescribed authority may direct that such person shall pay, by way of penalty, a sum of one hundred rupees for each day of the period during which the failure to furnish such return continues.] -------------------------------------- Notes:- 1. Inserted vide THE FINANCE (No. 2) ACT, 2014