Tuesday 15 July 2014

Negligence in payment of excise duty attracts penalty of upto Rs 5,000 under Rule 27 of Excise

Central Excise : Negligence of assessee/directors in paying duty attracts penalty upto Rs. 5,000 under rule 27 of Central Excise rules; rules 25 and 26 and section 11AC of Central Excise Act, 1944 are not attracted


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