Penalty exemption clarified: voluntary payment of short paid excise duty and interest will not attract penalties under the Act. The amendment inserts an explanation declaring that no penalty under any provision of the Act or the rules shall be imposed in respect of voluntary ... Summary
Penalty exemption clarified: voluntary payment of short paid excise duty and interest will not attract penalties under the Act.
The amendment inserts an explanation declaring that no penalty under any provision of the Act or the rules shall be imposed in respect of voluntary payment of duty under the specified sub section and interest thereon.
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