1 Mar 2016 CBEC vide Notification No. 15/2016-Central Excise (N.T), Dated: March 1, 2016 has provided that w.e.f. 1st April 2016 for delay in payment of  10 May 2016 1. Whether applicable rate of interest for delayed payment under Section 11AA of the Central Excise Act, 1944 is the one prevalent during  Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Ministry of Finance, Government of India. It deals with the tasks 

53, 08-02-2019, Circular regarding renewal of licence for hotels for Excise Year Fee for 2015-16 and Interest for the period of delay. 208, 31-07-2015, The Government of National Capital Terrirtory of Delhi,hereby notifies that the rate of tax  EXPLANATORY NOTES- CENTRAL EXCISE. GENERAL. Excise duty rate: - There is no change in the mean Cenvat rate of 8% ad valorem. However,. http://www.cbec.gov.in/ · http://www.icegate.gov.in/ · http://www.nacen.gov.in/ · http://www.ltu.gov.in · https://cbec-easiest.gov.in/EST/ · https://www.india.gov.in/  7 Feb 2020 Central banks in most advanced economies have very analyses about neutral interest rates and inflation Nordic Outlook February 2020 — 15 does not Drivers this year include domestic factors such as excise tax, public. 6 Feb 2020 Rates? 59. Box D: Enhancing the Transparency of Interest Rates period in 2019 of monetary easing, central banks STATEMENT ON MONETARY POLICY – FEBRUARY 2020 15 margins, and lowered petroleum excise.

Interest on diversion of goods for home consumption from a warehouse registered under Rule 20 of Central Excise Rules, 2002. Presently the rate of interest in case of diversion of warehoused goods for home consumption is 24%, which is exorbitant and requires amendment.

Whether applicable rate of interest for delayed payment under Section 11AA of the Central Excise Act, 1944(“the Excise Act”) is the one prevalent during period(s) of delay? 2. Whether it is justified to levy penalty under Section 11AC of the Excise Act, when the Returns filed by the Assessee clearly indicated the duty amount payable but not CBEC vide Notification No. 15/2016-Central Excise (N.T), Dated: March 1, 2016 has provided that w.e.f. 1st April 2016 for delay in payment of Excise Duty, interest @ 15% p.a. would be payable as against earlier rate on 18% p.a. Interest on diversion of goods for home consumption from a warehouse registered under Rule 20 of Central Excise Rules, 2002. Presently the rate of interest in case of diversion of warehoused goods for home consumption is 24%, which is exorbitant and requires amendment. 10.2 The above penal provisions have been brought by Finance Act 2015-16 and it could be applied for transitory cases of Central excise short paid or not paid and no SCN is issued before 14.05.2015 or Central excise short paid or not paid and SCN is issued but no Adjudication order is passed before 14.05.2015. Can anyone please provide year wise interest rate of Central Excise on delayed payment from 2010? CCI Online Learning CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International

Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Ministry of Finance, Government of India. It deals with the tasks 

Central Excise Rates: Central Excise rates are determined by the Ministry of Finance, with rates changing during budgets. These rates are a reflection of economic trends in the country and are generally designed keeping in mind multiple requirements. Central Excise Duty rates were increased from 12.36% to 12.50% during the annual budget session of 2015-2016. This is one of highest increase in the rates of interest ever. In Central Excise the notification no. No. 6/2011-Central Excise (N.T.) dt. 01.03.2011 has brought an amendment for the purpose of the section 11AB of the Central Excise Act, 1944 by fixing the interest rate at 18% p.a.

CBEC vide Notification No. 15/2016-Central Excise (N.T), Dated: March 1, 2016 has provided that w.e.f. 1st April 2016 for delay in payment of Excise Duty, interest @ 15% p.a. would be payable as against earlier rate on 18% p.a.

Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Ministry of Finance, Government of India. It deals with the tasks of formulation of policy concerning levy and collection of Customs & Central Excise duties and Service Tax, prevention of smuggling and administration of matters relating to Customs, Central Excise, Service Tax and Narcotics to the extent

Excise Duty Hike – the barbarity inflicted on the people CITU EXPRESSES SERIOUS CONCERN OVER CUT OF INTEREST RATE ON EPF DENOUNCES ANTI WORKER AND PRO-CORPORATE Friday, 24 January 2020 15:35 

4 Jan 2020 Separately, the Central Board of Direct Taxes (CBDT) had set up a which is aimed at reducing old service tax and central excise cases, said the persons cited above. amount along with interest and penalties levied on that, EThas learnt. The tax rate may not be the same for every company — it could  The Central Excise Act also provided for payment of interest on delayed down in the relevant rules, interest at the rate notified by the Government shall have to  Changes in Customs and Central Excise law and rates of duty have been proposed To prescribe effective rates of duty and to carry outchanges in the Rules payment of duty and interest thereon in the case of self-assessed bills of entry or,  22 hours ago taxpayers that call our Customer Service Center at 800-. 400-7115. Excise Tax Cigarette stamps will be available to be ordered via law, the annual interest rate on unpaid or overpaid taxes is the federal 2020-15 on high. The economy of Australia is a highly developed market economy. Its GDP was estimated at Australia's average GDP growth rate for the period 1901–2000 was 3.4% annually. As opposed to many and business taxes. Other taxes include the goods and services tax (General Service Tax), excise and customs duties. 6 Jan 2020 Six states cut individual income tax rates in 2019, three of them retroactive to Another 11 states implemented excise taxes on vaping in 2019, as states the narrowing of the interest deduction, the cap on the state and local tax from 5.15 to 5.1 in 2019 and cutting it further to 5.05 percent in 2020.[15]. 29 Jan 2016 The Customs Excise and Service Tax Appellate Tribunal, Shastri of interest at applicable rate under Section 11AB of the Central Excise Act, 

26 Jul 2019 While most tax amnesty schemes provide relief from interest and penalty, the Sabka Vishwas (Legacy Dispute Resolution) Scheme goes a step  4 Jan 2020 Separately, the Central Board of Direct Taxes (CBDT) had set up a which is aimed at reducing old service tax and central excise cases, said the persons cited above. amount along with interest and penalties levied on that, EThas learnt. The tax rate may not be the same for every company — it could  The Central Excise Act also provided for payment of interest on delayed down in the relevant rules, interest at the rate notified by the Government shall have to