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of <h1>Finance Bill 2010 amends Central Excise Act: No penalty for voluntary duty shortfall payment under section 11A.</h1> Clause 63 of the Finance Bill, 2010 proposes an amendment to section 11A of the Central Excise Act, 1944. This amendment involves adding Explanation 3 to sub-section (2B), clarifying that no penalty will be imposed for the voluntary payment of duty short-paid under this sub-section, along with the interest thereon. This change aims to ensure that individuals or entities who voluntarily pay the shortfall in duty and the associated interest are not penalized under the Act or its rules.
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