Interest on differential duty imposed upon finalisation of provisional assessments; lapsing and prohibition on use of unutilised duty credit. The amendment adds a clause authorising charging or payment of interest on the differential amount of duty payable or refundable upon finalisation of provisional assessments, and a clause providing for the lapsing of unutilised duty credit with manufacturers of specified excisable goods on an appointed date and prohibiting its subsequent use for payment of any duty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest on differential duty imposed upon finalisation of provisional assessments; lapsing and prohibition on use of unutilised duty credit.
The amendment adds a clause authorising charging or payment of interest on the differential amount of duty payable or refundable upon finalisation of provisional assessments, and a clause providing for the lapsing of unutilised duty credit with manufacturers of specified excisable goods on an appointed date and prohibiting its subsequent use for payment of any duty.
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