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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Bill 2012: Excise Act Amendments Redefine Offences, Increase Thresholds, Grant Arrest Powers, and Adjust Penalties.</h1> The Finance Bill, 2012 proposes amendments to the Central Excise Act. Key changes include defining 'inter-connected undertakings,' increasing the monetary threshold in section 9, and making most offences non-cognizable except those with imprisonment terms of three years or more. Amendments also address the exclusion of stay periods in notice service timelines, conditions for reduced penalties, and search and seizure procedures. New provisions grant excise officers arrest powers and establish bail conditions for serious offences. The Bill also modifies sections related to searches, arrests, and tariff items. These changes will be effective upon presidential assent.
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