Interest on unpaid excise duty from month after default until payment; waiver for prompt voluntary payment after Board order. Amendment imposes interest on persons liable under section 11A where excise duty was unpaid, short-paid, short-levied or erroneously refunded, at a rate fixed by the Central Government, accruing from the first date of the month after the payment became due or from the date of erroneous refund until payment; provides a no-interest waiver for full voluntary payments made in response to a Board order under section 37B without reservation of appeal, and excludes pre-assent liabilities from its scope.
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Provisions expressly mentioned in the judgment/order text.
Interest on unpaid excise duty from month after default until payment; waiver for prompt voluntary payment after Board order.
Amendment imposes interest on persons liable under section 11A where excise duty was unpaid, short-paid, short-levied or erroneously refunded, at a rate fixed by the Central Government, accruing from the first date of the month after the payment became due or from the date of erroneous refund until payment; provides a no-interest waiver for full voluntary payments made in response to a Board order under section 37B without reservation of appeal, and excludes pre-assent liabilities from its scope.
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