alleryStart learning →A rule may provide that contravention attracts a penalty not exceeding:
ARs 1,000
BRs 5,000
CRs 25,000
DRs 10,000
Answer & Solution
Correct answer: D. Rs 10,000
Section 164(4) says rules may provide a penalty not exceeding ten thousand rupees for contravention.
Keep practising Miscellaneous Provisions
Browse all Miscellaneous Provisions questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
Supply of warehoused goods before clearance for home consumption is treated as:Services by any court or Tribunal under law are treated under Schedule III as:Software development and customisation is classed under Schedule II as:Supply of food or drink for human consumption as part of a service is a supply of:Under Schedule II, a works contract is a composite supply treated as:Treatment or process applied to another person's goods is a supply of:A lease or tenancy of land is treated under Schedule II as a supply of:Permanent transfer of assets with ITC availed is treated as: