No Interest and Penalty shall Leviable on Late Excise Duty Payment for Duty Exempted Goods: Gauhati HC [Read Order]

If there is no substantive provision in the Act for levy of interest and penalty, the interest and penalty cannot be levied on the basis of any provisions of Rules, observed that Court
Gauhati High Court - Excise Duty Payment - Late Excise Duty Payment - Excise Duty - taxscan

In a recent ruling, the Gauhati High Court decided that interest and penalty cannot be levied for late payment of excise duty on goods which are exempted from the payment of duty under the Notification No. 20/2007-CE dated April 25, 2007 issued under North-East Industrial and Investment Promotion Policy (NEIIPP). The bench of Justice Kaushik Goswami…

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