A. Section 73
If Duty + Interest Paid within
73(8) : 30 Days of SCN = No penalty
73(9) : After 30 Days = Penalty 10% of Tax or 10,000 whichever is higher.
B. Section 74
If Duty + Interest Paid within
74(5) : Before Issuance of SCN = Penalty 15% of Tax.
74(8) : Within 30 Days of SCN = Penalty 25% of Tax
74(11) : Within 30 Days of Order Issue = Penalty 50% of Tax
74(1) : If not Paid within above limit = Penalty 100 % of Tax