INTEREST AND PENAL PROVISIONS - Under the Central Excise Rules, 2002: - Central Excise Practice Manual (OLD) - Central Excise

(ii) Under the Central Excise Rules, 2002: Rule 8 Failure to pay duty by due date Interest @ 13% from first day after due date till payment of dues. Default for more than 30 days Consignment wise payment of duty without utilization of the Cenvat credit till payment of dues with interest. Rule 25 Removal of goods in contravention of Central Excise Rules/ Notifications issued thereunder; Non- accountal of excisable goods; Manufacture without applying for Registration Certificate; Contravention of any provision under Central Excise Rules/ Notifications issued thereunder such rules. Confiscation of goods and Penalty upto duty amount or Rs.2000 whichever is greater. Rule 26 Possession, transport, deposit, keeping, concealing, selling or purchasing of goods liable for confiscation. Penalty upto duty amount or Rs.2000/- whichever is greater. Rule 26 Issue of Excise invoice without delivery of goods or abetment in making such invoice or issue of such document by which ineligible benefit like Cenvat credit is likely to be taken or has been taken. Penalty upto such ineligible benefit or Rs.5000/- whichever is greater. Rule 27 Breach of rules for which no penalty is separately provided. Penalty upto Rs.5000/- and confiscation of goods.