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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Bill 2013 amends Central Excise Act: Raises imprisonment threshold, updates offences, recovery methods, and appeal procedures.</h1> The Finance Bill, 2013 proposes several amendments to the Central Excise Act. Key changes include increasing the threshold for imprisonment from thirty lakh to fifty lakh rupees for excise evasion, and making certain high-value offences cognizable and non-bailable. It introduces additional recovery methods for dues, extends advance ruling provisions, and modifies appeal procedures to allow longer stays under specified conditions. The monetary limit for appeals handled by a Single Bench is increased, and new document service methods are specified. The Third Schedule is amended to include new entries related to traditional medicine systems and update existing classifications.
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