Interest and penalty for delayed excise duty payments: outstanding liabilities attract interest and additional penalties for nonpayment. Amendments create an interest and penalty regime: outstanding duty for the specified period attracts interest from the first day of April until payment, and if unpaid by the 30th day of April an additional penalty equal to the outstanding duty or a fixed minimum amount is imposed; similarly, unpaid monthly duties attract interest from the day after the due date and a penalty equal to the outstanding monthly duty or a fixed minimum amount.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest and penalty for delayed excise duty payments: outstanding liabilities attract interest and additional penalties for nonpayment.
Amendments create an interest and penalty regime: outstanding duty for the specified period attracts interest from the first day of April until payment, and if unpaid by the 30th day of April an additional penalty equal to the outstanding duty or a fixed minimum amount is imposed; similarly, unpaid monthly duties attract interest from the day after the due date and a penalty equal to the outstanding monthly duty or a fixed minimum amount.
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