Dear Sir,
My Query is that.. We have default in Payment of Central Excise duty for the month of December 2014. and we all made the Payment on 25th March 2015 along with Interest and Penalty. We have Paid the Penalty from day of 06.02.15, But our Range Superintendent asked to me you have to pay the Penalty from day of 06.01.15.
So, Kindly pl. clarify that for the penalty period.
Penalty for Excise Duty Default Starts January 6, 2015; Interest Calculated Until March 25, 2015. A query was raised regarding the default in the payment of Central Excise duty for December 2014. The payment, including interest and penalty, was made on March 25, 2015. However, there was confusion about the penalty period. The Range Superintendent suggested the penalty should start from January 6, 2015, while the payment was made from February 6, 2015. Responses clarified that the penalty period should indeed begin from January 6, 2015, as the due date for the payment was January 5, 2015, and interest should be calculated from January 6 to March 25, 2015. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
