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Section 7: Surcharge for late payment

Excise Act · PART II: LIABILITY TO EXCISE DUTY, MID LEVY AND CO LEVY OR GRANTING OF CO REBATE

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. Surcharge for late payment (1) Where a manufacturer fails to pay any excise duty due on the last day on which it is payable, he shall be liable to pay to the Director-General in addition to the excise duty a surcharge representing 5 per cent of the excise duty unpaid to such other percentage as may be prescribed. (2) The Director-General may waive the whole or part of any surcharge payable under subsection (1) if he is satisfied that failure to pay excise duty within the specified period was due to causes beyond the control of the manufacturer or to any other good or sufficient reason.

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