Central excise procedural change: written permission and limitation computation adjusted; penalties restructured into a single capped statutory penalty. The Finance Act, 1999 amends Act 32 of 1994 by: inserting in section 71 an explicit requirement that actions 'under section 70' be taken only after obtaining written permission from the Commissioner of Central Excise; adding to section 73 an Explanation that periods during which notice service is stayed by a court are excluded from computing the specified limitation periods; and substituting section 77's prior weekly escalating penalty regime with a provision making the offender liable to a single penalty not exceeding two thousand rupees.
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Central excise procedural change: written permission and limitation computation adjusted; penalties restructured into a single capped statutory penalty.
The Finance Act, 1999 amends Act 32 of 1994 by: inserting in section 71 an explicit requirement that actions "under section 70" be taken only after obtaining written permission from the Commissioner of Central Excise; adding to section 73 an Explanation that periods during which notice service is stayed by a court are excluded from computing the specified limitation periods; and substituting section 77's prior weekly escalating penalty regime with a provision making the offender liable to a single penalty not exceeding two thousand rupees.
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