Prohibition on new applications now bars filing under section 32E after the statutory cutoff date. The Finance Act, 2025 inserts a proviso after sub section (5) of section 32E of the Central Excise Act specifying that no application shall be made under ... Summary
Prohibition on new applications now bars filing under section 32E after the statutory cutoff date.
The Finance Act, 2025 inserts a proviso after sub section (5) of section 32E of the Central Excise Act specifying that no application shall be made under that section on or after 1 April 2025, thereby creating a statutory cutoff barring such applications from that date onward.
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