Chapter II A - Indicating amount of duty in the price of goods, etc., for purpose of refund and crediting certain amounts to the fund (From Section 12A to Section 12D)
Rounding of excise liabilities: fractional currency at or above half is rounded up, below half is disregarded. All sums payable or refundable under the Act, including duty, interest, penalty, fine and other amounts, must be rounded to the nearest rupee: fractional parts at or above one half of a rupee are increased to one rupee, and fractional parts below one half are ignored.
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.
Rounding of excise liabilities: fractional currency at or above half is rounded up, below half is disregarded.
All sums payable or refundable under the Act, including duty, interest, penalty, fine and other amounts, must be rounded to the nearest rupee: fractional parts at or above one half of a rupee are increased to one rupee, and fractional parts below one half are ignored.
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