https://www.taxtmi.com/article/detailed?id=6817 Applicable interest for delayed excise duty is computed by applying the rate in force during each sub period of delay, i.e., the earlier rate up to the date of statutory change and the revised rate thereafter, calculated from the due date until payment; penalty for suppression requires mens rea and is inappropriate where returns disclose the duty payable, though separate penalties for belated payment may still apply. en-us Fri, 13 May 2016 08:52:37 +0530 Fri, 13 May 2016 08:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6817 Applicable interest for delayed excise duty is computed by applying the rate in force during each sub period of delay, i.e., the earlier rate up to the date of statutory change and the revised rate thereafter, calculated from the due date until payment; penalty for suppression requires mens rea and is inappropriate where returns disclose the duty payable, though separate penalties for belated payment may still apply. Articles Central Excise Fri, 13 May 2016 08:52:37 +0530 https://www.taxtmi.com/article/detailed?id=6817