TaxTMI 
TaxTMI 
can any one explain rule 5A,12 CCR 2004 and their interrelation
ccr rule 5A
17 Jan 2016 
10 Replies 
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Late payment of excise duty triggers interest and recurring penalty, with recovery under standard government collection mechanisms.
Unpaid excise duty declared in returns must be paid with interest from the first day after the due date until actual payment, and amounts unpaid beyond one month attract a monthly penalty; recovery of duty, interest and penalty follows the same procedures as recovery of other sums payable to the Government. Amounts payable in terms of CENVAT credit rules are treated as duty for these purposes, and taxpayers are advised to consult the applicable payment and notification provisions and to pay promptly to avoid penalty. (AI Summary)
Unpaid excise duty declared in returns must be paid with interest from the first day after the due date until actual payment, and amounts unpaid beyond one month attract a monthly penalty; recovery of duty, interest and penalty follows the same procedures as recovery of other sums payable to the Government. Amounts payable in terms of CENVAT credit rules are treated as duty for these purposes, and taxpayers are advised to consult the applicable payment and notification provisions and to pay promptly to avoid penalty. (AI Summary)