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.

AI Summary

Late fee for delayed excise returns applies daily subject to a statutory maximum and relevant repeal-saving provision.
Where a central excise return is submitted after the due date the assessee must pay a daily late fee for the period of delay, subject to an overall statutory maximum for each return; this provision is to be read with the repeal-and-saving clause in the successor indirect tax statute which governs continuity and modification of pre-existing liabilities.