TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Finance Act 2004: New CENVAT credit recovery procedures, duty rate adjustments in Section 98, 13% interest rate.</h1> The amendment to the Finance (No. 2) Act, 2004, introduces procedures for recovering CENVAT credit related to additional duties under the Additional Duties of Excise Act, 1957. It requires the Central Excise Officer to notify the assessee by May 25, 2005, to declare credit utilization, with a deadline for declaration by May 31, 2005. The officer determines credit and interest amounts, informing the assessee by June 15, 2005. Monthly payments are required, with interest at 13% per annum. The amendment also adjusts duty rates in section 98 and includes a declaration for immediate effect under the Provisional Collection of Taxes Act, 1931.
TaxTMI 
TaxTMI 
