non filling of E.R.5 FOR F.Y. 2015-16

[Guest]

dear experts,

what will be penalty for late filling of E.R. 5 FOR f.y. 2015-16.?

pls. guide .....

regards,

Manan Pandya

ahmedabad.

AI Summary

Penalty for Late E.R. 5 Filing Under Central Excise Rules: Up to 5000 Per Rule 15A CENVAT Credit Rules, 2004. A forum participant inquired about the penalty for late filing of E.R. 5 for the fiscal year 2015-16 under Central Excise rules. An expert responded that the penalty could be up to 5000 under Rule 15A of the CENVAT Credit Rules, 2004, but it is not a fixed amount. The participant asked whether the penalty should be paid through the Personal Ledger Account (PLA) or discussed with a range officer. The expert advised paying the penalty in cash and recording it in the PLA Register. Another participant suggested referring to departmental instructions for further clarity.