Rounding off of duty now requires amounts to be adjusted to the nearest whole currency unit, changing treatment of fractions. Where Appellate Tribunal Bench members differ, the point shall be decided by majority; if equally divided the points must be recorded and referred to the President who shall hear or refer them for hearing and the points shall be decided by the majority of members who have heard the case. Amounts of duty, interest, penalty, fine or any other sum payable, and amounts of refund, drawback or any other sum due under the Act shall be rounded to the nearest whole currency unit, with fractional parts of fifty subunits or more increased to one unit and fractional parts less than fifty subunits ignored.
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Rounding off of duty now requires amounts to be adjusted to the nearest whole currency unit, changing treatment of fractions.
Where Appellate Tribunal Bench members differ, the point shall be decided by majority; if equally divided the points must be recorded and referred to the President who shall hear or refer them for hearing and the points shall be decided by the majority of members who have heard the case. Amounts of duty, interest, penalty, fine or any other sum payable, and amounts of refund, drawback or any other sum due under the Act shall be rounded to the nearest whole currency unit, with fractional parts of fifty subunits or more increased to one unit and fractional parts less than fifty subunits ignored.
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