Penalty or late fee for delay filing Central excise return

[Sudhir Kumar]

Is any late fee or penalty exit now for delay filing of central excise return?

If any circular or notification is available please assist.

[Shilpi Jain]

Is the excise return being filed now?

[Shilpi Jain]

Return being filed is for which period and what is the quantum of delay i.e. number of days.

[KASTURI SETHI]

Read saving Section 174 ---Repeal and Saving for this purpose. Answer to your query is inherent therein. Elaborate your query with full facts and circumstances for fool proof and clear-cut reply.

[KASTURI SETHI]

Rule 12 (6) of Central Excise Rules, 2002

"[(6) Where any return [ *  *  *  * ] referred to in this rule is submitted by the assessee after due date as specified for every return or statements, the assessee shall pay to the credit of the Central Government, an amount calculated at the rate of one hundred rupees per day subject to a maximum of twenty thousand rupees for the period of delay in submission of each such return or statement.]"

Read with  saving Section 174 of CGST Act.

AI Summary

Forum Explores Penalties for Late Central Excise Returns Filing Under Rule 12(6), Section 174 Cited for Context (6) A discussion on a forum addressed the issue of penalties or late fees for delayed filing of central excise returns. An individual inquired about current penalties and sought relevant circulars or notifications. Responses highlighted the need for specific details, such as the filing period and delay duration. One participant referenced Section 174 for context, while another cited Rule 12(6) of the Central Excise Rules, 2002, which imposes a penalty of 100 rupees per day, up to a maximum of 20,000 rupees, for late submissions. The discussion aimed to clarify the applicable rules and penalties.