Excess duty collections must be remitted immediately to the government under amended excise recovery provisions. A new obligation requires any person who has collected amounts in excess of assessed duty or who has collected amounts as representing duty on wholly ... Summary
Excess duty collections must be remitted immediately to the government under amended excise recovery provisions.
A new obligation requires any person who has collected amounts in excess of assessed duty or who has collected amounts as representing duty on wholly exempt or nil rated excisable goods to forthwith pay those amounts to the credit of the Central Government; cross references in section 11D are amended so that recovery and related provisions apply to this new remittance requirement.
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