ER 1 LATE FEES

[TUSHAR K]

Dear Experts please tell me the late fees for filling ER-1 under central excise and also suggest me that how to pay this and where to show this amount in ER-1

[Sonali Sharma]

Penalty of ₹ 100 per day subject to maximum of ₹ 20000/- has been prescribed for late filing of returns.

This penalty is required to be paid in Challan under penalty head and is to shown in Misc payments under Other Payments.

[bhaskar mishra]

Dear Experts,

can we claim Excise duty paid on Inputs used in export goods after an expiry of 1 year??

Warm Regards,

Bhaskar mishra.

AI Summary

Late filing penalty for ER 1 returns must be paid by challan under the penalty head and disclosed in Other Payments. Late filing of ER 1 returns attracts a prescribed late filing penalty payable by challan under the penalty head; the amount must be shown in the ER 1 return under Miscellaneous Payments in the Other Payments section. A separate unanswered query asks whether excise duty paid on inputs for exported goods can be claimed after one year.