Inclusion of interest in excise duty references makes interest part of the recoverable excise charge under Section 11B. The amendment substitutes occurrences of "duty of excise" and "duty" in Section 11B with the phrase "duty of excise and interest, if any, paid on such ... Summary
Inclusion of interest in excise duty references makes interest part of the recoverable excise charge under Section 11B.
The amendment substitutes occurrences of "duty of excise" and "duty" in Section 11B with the phrase "duty of excise and interest, if any, paid on such duty," so that references within sub-section (1) and sub-section (2) (except clauses (a) and (c) of the first proviso) encompass interest paid on excise duty for assessment and recovery purposes.
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