https://www.taxtmi.com/notifications?id=17629 The Fourth Amendment prescribes that failure to pay total excise duty by 31 March renders the manufacturer liable to pay the outstanding duty with interest at eighteen per cent per annum from 1 April until payment, and a penalty equal to the outstanding amount or five thousand rupees, whichever is greater. Monthly defaults attract similar interest from the day after the due date and the same penalty. Unauthorized removal of specified non alloy steel ingots, billets or hot rolled products attracts confiscation and a penalty up to three times the value of the goods or five thousand rupees, whichever is greater. en-us Tue, 10 Mar 1998 00:00:00 +0530 Thu, 06 Aug 2009 20:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=17629 The Fourth Amendment prescribes that failure to pay total excise duty by 31 March renders the manufacturer liable to pay the outstanding duty with interest at eighteen per cent per annum from 1 April until payment, and a penalty equal to the outstanding amount or five thousand rupees, whichever is greater. Monthly defaults attract similar interest from the day after the due date and the same penalty. Unauthorized removal of specified non alloy steel ingots, billets or hot rolled products attracts confiscation and a penalty up to three times the value of the goods or five thousand rupees, whichever is greater. Notifications Central Excise Tue, 10 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=17629