1998 (12) TMI 345

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....lected Rs. Date of payment Penalty imposed under Delayed in submission of FTT return Rule 10A r/w. Rule 9 Rs. u/s 38(3) of FA, 1979  Rs 1. 11/FTT/98, dt., 9-3-98 Nov. '97 14,21,250/- 31-12-97 2500/- 2,84,250/- One day 2. 13/FTT/98, dt., 11-3-98 Oct. '97 3,000/- 12-12-97 1700/- 600/- 30 days The Assistant Commissioner ordered imposition of penalty for delayed submission of Foreign Travel Tax returns (FTT returns) and for delayed payment of the Foreign Travel Tax (FTT) beyond the prescribed period. The Commissioner (Appeals) rejected the appeals. 2. Sri K.G. Seth, Advocate was heard on 16-11-1998 and 2-12-1998. The learned Advocate pleaded for mercy on the ground that the organisation is new and that the delay....

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....the rules made under this Chapter, he shall pay the interest on the amount of tax not so paid for the entire period for which payment of such tax has been delayed, at such rate, not below twenty per cent, and not exceeding thirty per cent, per annum, as the Central Government may, by notification in the Official Gazette, specify in this behalf. Sec. 35A(2) Where, on or before the date of commencement of Section 97 of the Finance Act, 1994, the foreign travel tax had not been paid by any carrier or other person to the credit of the Central Government in accordance with the rules made under this Chapter, the carrier or other person shall pay the amount of such) tax within a period of thirty days of such commencement, failing which he sh....