Amendment to excise duty treatment conditions duty determination on timely payment of penalty within specified period. The amendment revises section 11AC by changing clauses (a) and (b) to treat duty as ''has not been levied or paid or has been'', and alters clause (c) to ... Summary
Amendment to excise duty treatment conditions duty determination on timely payment of penalty within specified period.
The amendment revises section 11AC by changing clauses (a) and (b) to treat duty as ''has not been levied or paid or has been'', and alters clause (c) to make duty determination conditional on the penalty being paid within the period so specified.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.