Section 77 General penalty for contravention of any provisions of chapter V of Finance Act, 1994

Section 77 of FINANCE ACT, 1994

Section 77 General penalty for contravention of any provisions of chapter V of Finance Act, 1994 or rules made there under for which no penalty is provided

Sr. No.	Nature of Default	Penalty
1	Failure to take registration  in accordance with Sec.69 or rules made thereunder	Rs. 10000 or Rs. 200 per day during which failure continues, whichever is higher.
2	Failure to keep, maintain or retain records	Up to Rs.10000/-
3	Failure to furnish information, to produce documents called for by Central Excise Officer or to appear before the Central Excise Officer	Upto Rs.10000/- or Rs. 200 per day during which failure continues.
4	Failure to pay tax electronically by the person required to pay tax electronically	upto Rs.10000/-
5	Failure to issue correct invoice with complete details and account for the invoice in his books of accounts	Upto Rs.10000/-
6	For contravention of any other provisions of the Act where no separate penalty is provided	upto Rs.10000

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