Application of Settlement Commission powers to Interim Board means the Interim Board will exercise those statutory authorities. The Bill amends multiple provisions of the Central Excise Act so that the powers and functions of the Settlement Commission under specified sections shall ... Summary
Application of Settlement Commission powers to Interim Board means the Interim Board will exercise those statutory authorities.
The Bill amends multiple provisions of the Central Excise Act so that the powers and functions of the Settlement Commission under specified sections shall be exercised by an Interim Board and that those provisions shall apply mutatis mutandis to the Interim Board, with the application commencing from the stated implementation date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.