Reg. Short amount deposit against excise duty

[Virendra Singh]

Dear Sir/Madam,

Here we inform you that we have short amount deposit against excise duty for the m/o of June 14 so so please clarify against our query. we are awaiting for your response.

Thx. and rgds

Virendra Singh

[YAGAY and SUN]

Dear Virendra,

Please deposit C.E. Duty immediately along with interest at applicable rate. Provide intimation to the Central Excise Department and mention it in the July month's return. That's it.

Regards,

Team YAGAY and SUN

(Management and Indirect Tax Consultants)

[Mahir S]

Yes, pay it immediately else pay up the remaining duty amount and interest along with the return for the month of July 2014, which is due in August, 2014.

AI Summary

Short deposit of excise duty - pay the shortfall with interest immediately and disclose it in the next return.
Immediate remediation of a short excise duty deposit requires payment of the deficient duty plus interest at the applicable rate, intimation to the Central Excise Department, and disclosure of the payment in the subsequent monthly return.