Recovery of excise duty: limitation extended to one year with approval thresholds for supervisory officers on high-value notices. Amendment expands the recovery scope to include cases based on prior approvals, acceptances or assessments about rate or valuation, extends the limitation for initiating recovery from six months to one year, and creates delegated notice-issuing authority subject to prior approval thresholds, requiring Chief Commissioner approval for higher-value cases.
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Recovery of excise duty: limitation extended to one year with approval thresholds for supervisory officers on high-value notices.
Amendment expands the recovery scope to include cases based on prior approvals, acceptances or assessments about rate or valuation, extends the limitation for initiating recovery from six months to one year, and creates delegated notice-issuing authority subject to prior approval thresholds, requiring Chief Commissioner approval for higher-value cases.
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