juris

Section 7: Penalty for late payment of excise duty

Excise Act

This section is inserted by Act No 15 of 2021, section 24.

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

7. Penalty for late payment of excise duty (1) A manufacturer who fails to pay excise duty in accordance with section 3(2)(b) shall, in addition to the excise duty due, pay to the Director-General a late payment penalty. (2) The late payment penalty required under subsection (1) shall be 5 per cent of the unpaid excise duty. (e) by inserting, after section 7, the following new section –

Ask juris about this section Official source

Questions this section answers