https://www.taxtmi.com/forum/issue?id=110619 Interest on unpaid central excise duty accrues from the first day after the due date until payment at the rate notified by the Central Government under the Act; the 2016 notification increased that notified rate. If duty declared in the return is unpaid within one month from the due date, a penalty of one per cent per month or part thereof applies on the unpaid duty from the due date, and for this purpose a "month" means the period between two consecutive due dates. Slab-wise interest rates do not exist under central excise rules. en-us Sat, 09 Jul 2016 12:53:25 +0530 Thu, 23 Jan 2025 15:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110619 Interest on unpaid central excise duty accrues from the first day after the due date until payment at the rate notified by the Central Government under the Act; the 2016 notification increased that notified rate. If duty declared in the return is unpaid within one month from the due date, a penalty of one per cent per month or part thereof applies on the unpaid duty from the due date, and for this purpose a "month" means the period between two consecutive due dates. Slab-wise interest rates do not exist under central excise rules. Discussion-Forum Central Excise Sat, 09 Jul 2016 12:53:25 +0530 https://www.taxtmi.com/forum/issue?id=110619