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The Uttar Pradesh Excise (Amendment) Act, 1985 amends state excise law to enforce timely tax collection on alcohol and excisable goods in Uttar Pradesh. It applies to individuals, businesses, and traders who owe excise duties to the state government. Under this law, if an entity fails to pay their required excise revenue within three months of the due date, interest is charged on the unpaid amount from the original due date until full payment. The default interest rate is eighteen percent per year, which can be capped at up to twenty-four percent per year, ensuring stronger fiscal compliance and timely revenue realization.
Imported from uplegisassembly.gov.in
Official Legislative Text
Educational Study Layer
Chronological legislative evolution of The Uttar Pradesh Excise (Amendment) Act, 1985 across statutory gazettes and amending Acts.