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of <h1>Section 73 of Finance Act 1994: Service Tax Recovery Rules, Notice Periods, and Fraudulent Non-Payment Consequences</h1> Section 73 of the Finance Act, 1994, addresses the recovery of service tax that has not been levied, paid, short-levied, short-paid, or erroneously refunded. A Central Excise Officer can issue a notice within thirty months from the relevant date for such recovery. If the non-payment or erroneous refund results from fraud, collusion, or willful misstatement, the period extends to five years. The section allows for self-assessment and payment before notice issuance, with interest applicable on unpaid amounts. It outlines procedures for determining the tax due and specifies the relevant date for calculating the notice period.
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