Question - What are proposed amendment in Section 32O in Central Excise Act ,1944 in Finance Bill 2015 ?
Amendment in Sec.32O
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Settlement Commission bar on repeat applications amended to remove redundant historic subsection references, clarifying applicant eligibility.
The amendment removes obsolete textual references in two disqualification clauses so that phrases referring to earlier transitional sub sections are omitted as redundant, aligning the disqualification provision with the current eligibility regime and eliminating vestigial phrasing that no longer affects whether an applicant may approach the Settlement Commission. (AI Summary)
The amendment removes obsolete textual references in two disqualification clauses so that phrases referring to earlier transitional sub sections are omitted as redundant, aligning the disqualification provision with the current eligibility regime and eliminating vestigial phrasing that no longer affects whether an applicant may approach the Settlement Commission. (AI Summary)
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