FSSAI : Capping of penalties due to delay in submission of Annual Returns.
Non-submission of FSSAI’s Annual Returns attracts a monetary penalty, but this penalty had no upper capping earlier.
FSSAI has issued a new order regarding the upper capping on the monetary penalty that will reduce the burden on FBOs owing to the accumulated penalties.
To facilitate the ease of doing business, FSSAI has capped the maximum amount of penalty levied due to non-submission of Annual Returns.
"Any delay in filing return beyond 31st May of each year shall attract a penalty of Rs 100/- per day for delay till the date of filing of the return. The maximum penalty that can be levied shall not exceed 5 times the annual fees of the license."
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