Question - What are proposed amendment in Section 32F(6) in Central Excise Act ,1944 in Finance Bill 2015 ?
Amendment in Section 32F (6)
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Settlement Commission timelines clarified by omission of redundant historic date references, simplifying application deadline language.
The amendment omits obsolete date-specific phrases from the provision that had required final settlement orders for applications filed on or before 31 May 2007 to be passed by 29 February 2008 and set a nine-month disposal period for later applications; the historic date references are removed as redundant. (AI Summary)
The amendment omits obsolete date-specific phrases from the provision that had required final settlement orders for applications filed on or before 31 May 2007 to be passed by 29 February 2008 and set a nine-month disposal period for later applications; the historic date references are removed as redundant. (AI Summary)
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