https://www.taxtmi.com/forum/issue?id=109689 Late deposit of excise duty contravenes Rule 8(1) and can attract general penalty under Rule 27 plus interest; delayed ER 1 filing triggers a statutory late fee introduced by recent amendment, which operates alongside interest and does not necessarily preclude penalty for contraventions. Payment of duty with interest, prompt filing and intimation to authorities are mitigating steps; Board circulars, case law and adjudicatory discretion shape imposition, reduction or waiver of penalties. en-us Fri, 08 Jan 2016 14:39:37 +0530 Thu, 23 Jan 2025 15:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109689 Late deposit of excise duty contravenes Rule 8(1) and can attract general penalty under Rule 27 plus interest; delayed ER 1 filing triggers a statutory late fee introduced by recent amendment, which operates alongside interest and does not necessarily preclude penalty for contraventions. Payment of duty with interest, prompt filing and intimation to authorities are mitigating steps; Board circulars, case law and adjudicatory discretion shape imposition, reduction or waiver of penalties. Discussion-Forum Central Excise Fri, 08 Jan 2016 14:39:37 +0530 https://www.taxtmi.com/forum/issue?id=109689