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Excisable material sold without charging excise duty,
Now after 3 months, I am issuing Suplimantary bill to party
for Excise payment, now please tell me the interest need to
pay for this and also is there need to pay interest if i
have sufficiant amount of cenvate credit balance in these 3
months.

Question Posted / santosh

Answers were Sorted based on User's Feedback



Excisable material sold without charging excise duty, Now after 3 months, I am issuing Suplimantary..

Answer / ch.vankat

you have to pay intrest for three month @ 18%

Is This Answer Correct ?    3 Yes 2 No

Excisable material sold without charging excise duty, Now after 3 months, I am issuing Suplimantary..

Answer / guest

No interest on balance in cenvat credit Register but no
balance in cenvat credit Register to Pay interest amount to
Central Excise. and Pay Interest amt.to PLA accounts.

Is This Answer Correct ?    1 Yes 0 No

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