TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act 1997 Section 87 Validates Past Excise Duties on Petroleum, Sets New Recovery Rules</h1> Section 87 of the Finance Act, 1997, addresses excise duties on specified petroleum products for a defined period, validating past actions regarding these duties. It deems a government notification from May 3, 1997, as effective from July 23, 1996, overriding any prior notifications. This section covers products like naphtha and furnace oil. Actions taken under previous rules are validated, preventing legal challenges for credit allowance. It mandates recovery of improperly credited duties within 90 days, with interest for late payments. It clarifies that no actions will be punishable if they wouldn't have been under this section.
TaxTMI 
TaxTMI 
