Excess excise collections must be remitted to government, with statutory references amended to incorporate the new obligation. A new sub-section (1A) requires any person who has collected amounts in excess of assessed excise duty or who collected amounts as excise on goods that ... Summary
Excess excise collections must be remitted to government, with statutory references amended to incorporate the new obligation.
A new sub-section (1A) requires any person who has collected amounts in excess of assessed excise duty or who collected amounts as excise on goods that are wholly exempt or nil-rated to forthwith pay those amounts to the credit of the Central Government; consequential amendments amend sub-section (2) and sub-section (4) to insert references to sub-section (1A) alongside sub-section (1).
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