Penalty 1%, Central Excise

[Rajan Rajan]

Dear Sir,

 

Rule 3A CE 2002 : Penalty 1% calculated from the due date or after 30 days of grace period.

 

Please guide.

 

 

 

 

Posts / Replies

[KASTURI SETHI]

It is Rule 8 (3A) of CE Rules, 2002 and not Rule 3A. Suppose CE duty for the month July,16 is to be paid by 6.8.16 and duty is not paid by 6.8.16; penalty @ 1% on such amount of duty not paid, is to be calculated/paid from 6.8.2016 (due date) till the default period continues.