TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Interest on Delayed Excise Duty Payments Under Section 11AB; Penalties for Cenvat Errors; Refunds Beyond Three Months Incur Interest</h1> Interest is chargeable on delayed excise duty payments under Section 11AB, with rates between 10% and 36% annually, currently set at 13%. Interest applies after three months from duty liability determination or immediately in fraud cases. For Cenvat credit errors, interest and penalties apply under Sections 11A and 11AB. Excess duty collections incur interest under Section 11DD. The Excise Department must pay interest on delayed duty refunds beyond three months, with rates between 5% and 30%, currently 6%. Interest is not applicable on fines or penalties, and delayed interest payments are considered an offense.
TaxTMI 
