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What Is The Consequence Of Evading Payment Of Excise Duty? |
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Answer» Under the different sections of the central excise act, the fines for evading tax can range from twenty-five to fifty per CENT of the amount of duty evaded. When you look at the amount of excise you may have to pay, this is a rather LARGE amount and ALONG with the financial REPERCUSSIONS, you ALSO have to encounter a tarnished image. Under the different sections of the central excise act, the fines for evading tax can range from twenty-five to fifty per cent of the amount of duty evaded. When you look at the amount of excise you may have to pay, this is a rather large amount and along with the financial repercussions, you also have to encounter a tarnished image. |
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