TaxTMI 
TaxTMI 
Dear Experts,
I would like to know what will be the after effects if due to acute financial problem we are not able to pay excise duty by the end of last day of march ?
Payment of excise duty for march
30 Mar 2016 
5 Replies 
1677 Views Asked by
Late excise duty payment triggers interest and a monthly penalty on the unpaid declared duty.
Failure to pay declared excise duty by the due date results in interest on the unpaid liability and a penalty of one per cent on the unpaid amount for each month or part thereof, calculated from the due date where payment is not made within one month of that date; the penalty and interest apply concurrently to the period of default. (AI Summary)
Failure to pay declared excise duty by the due date results in interest on the unpaid liability and a penalty of one per cent on the unpaid amount for each month or part thereof, calculated from the due date where payment is not made within one month of that date; the penalty and interest apply concurrently to the period of default. (AI Summary)