In case of non-payment of excise duty, interest is to be paid @ ____________on the amount of unpaid duty, or, _________ per day, whichever is higher.

A. 15%, Rs.1000

B. 24%, Rs.1,000

C. 24%, Rs.500

D. 15%, Rs.500

Related Questions

  1. Service tax is an example of
  2. In relation to Excise Duty, fresh application for registration has to be made for an already registered…
  3. Total number of services brought under Service Tax net through Finance Act, 2005 is 10.
  4. Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.
  5. The basic objective of service tax is
  6. Registration formality has been exempted by CBE&C in case of
  7. A SSI unit opting for non-CENVAT facility has to pay duty after crossing turnover of ____________ at…
  8. In relation to Excise Duty form AR-1 is to be submitted for clearing goods under
  9. The Registration Certificate is issued within _______________________ days of receipt of application…
  10. In relation to Excise Duty, under Physical Control System, goods can be removed on any day, at any time.
  11. STC stands for
  12. Service tax is administrated by
  13. In relation to central Excise, under Physical Control System, goods can be removed on any day, at any…
  14. SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.
  15. SSI unit stands for
  16. In case of service tax all appeals , relating to matters of valuation & classification , against order…
  17. A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.
  18. An appeal to the Apellate Tribunal, in connection with Service Tax, has to be made within ___________…
  19. In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.
  20. Input credit of Service Tax can be availed only if the final service is of the same category as that…
  21. Excise Duty is to be paid through ________________ challan.
  22. In case of centralised billing system only one application is required in respect of all the premises…
  23. Return of Service Tax is to be furnished to be to the Superintendent of ______________ in Form ______________.
  24. There is a provision of remission of Excise duty in case of destruction of goods by natural causes only.
  25. A 100% Export Eriented Undertaking is exempted from obtaining registration.
  26. PLA stands for
  27. The taxable event under Central Excise law is
  28. The registration certificate obtained from excise authorities is to be exhibited at the registered premises.
  29. The Central Excise law is administered by
  30. Service Tax has to be paid on any advance amount received from the client prior to raising any bill…

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