Rule 8, Section 11A2[B], section 11 A, section 11 D.
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Interest on delayed excise duty payments triggers statutory recovery, interest accrual, and penalty obligations for collectors.
Rule 8 prescribes the manner of payment of excise duty and addresses defaulter procedures. Section 11 establishes recovery powers for sums due to the government. Separate statutory provisions set out recovery for duties not levied or short-paid, interest on delayed payment of duty, penalties for short-levy or non-levy, and the obligation to deposit duties collected from buyers with the Central Government. (AI Summary)
Rule 8 prescribes the manner of payment of excise duty and addresses defaulter procedures. Section 11 establishes recovery powers for sums due to the government. Separate statutory provisions set out recovery for duties not levied or short-paid, interest on delayed payment of duty, penalties for short-levy or non-levy, and the obligation to deposit duties collected from buyers with the Central Government. (AI Summary)
Details of other payment made - interst. ule 8, Section 11A2[B], section 11 A, section 11 D.
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