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TaxTMI 
Question - What are amendments proposed in Section 11 A of Central Excise Act, 1944 in Finance Bill 2015 ?
Amendment in Sec.11A
28 Feb 2015 
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Limitation on extended-period assessments: amendment restricts extended claims, defines relevant date, and channels recovery through return rules.
Amendment narrows Section 11A by removing the category allowing extended-period assessment when transactions are recorded in specified records; it defines the relevant date for non-filing of returns and interest-only recovery, and excludes non-payment or short payment shown in periodic returns from Section 11A, prescribing recovery to follow rules. (AI Summary)
Amendment narrows Section 11A by removing the category allowing extended-period assessment when transactions are recorded in specified records; it defines the relevant date for non-filing of returns and interest-only recovery, and excludes non-payment or short payment shown in periodic returns from Section 11A, prescribing recovery to follow rules. (AI Summary)