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December 2011

Waiver of interest and penalty to homemade soap manufacturer — Trade Circular 14T of 2011, dated 19-10-2011.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta
Chartered Accountants
Reading Time 1 mins
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By this Circular a waiver has been provided for in respect of interest and penalty levied on the turnover of sales of soap, except detergent, not exceeding Rs.20 lacs made by handmade soap manufacturing units certified by KVIC or KVIB as the case may be, for the period of 1st April, 2005 to 31st March, 2010. The Circular contains format of application for seeking administrative relief.

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