Late payment of tax - C F to be collected.

The Transport Commissioner, Chennai has issued two circular instructions to collect the compounding fee for belated payment of tax.

They are 40/94 and 9/96.

Up to 50% penalty except for E.I.V and P S V Rs.150/- has to be collected. for School vehicles, college vehicles and PSV Rs.250/- has to be collected..for penalty upto 50%.

For 100 % penalty except for Educational institution vehicles and PSV Rs.250/- has to be collected. If the tax is paid with 100% penalty for Educational Institution vehicle and PSV then the CF to be collected is Rs.300/-

This includes penalty under Sec.15-B of TNMVT Act 1974.