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Penalty 1%
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....enalty 1%<br> Query (Issue) Started By: - Rajan Rajan Dated:- 22-7-2016 Last Reply Date:- 22-7-2016 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear Sir, Rule 3A CE 2002 : Penalty 1% calculate....
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....d from the due date or after 30 days of grace period. Please guide. Reply By KASTURI SETHI: The Reply: It is Rule 8 (3A) of CE Rules, 2002 and not Rule 3A. Suppose CE duty for the month July,16 is ....
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....to be paid by 6.8.16 and duty is not paid by 6.8.16; penalty @ 1% on such amount of duty not paid, is to be calculated/paid from 6.8.2016 (due date) till the default period continues.<br> Discussion F....
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