Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
This notification amends the previous Notification No. 18/2022-Central Excise to reduce the Special Additional Excise Duty on production of Petroleum Crude from the existing rate to Rs. 2100 per tonne. The amendment is made by the Ministry of Finance under the Central Excise Act, 1944, and the Finance Act, 2002, citing public interest as the reason. The notification comes into force on 17th August, 2024.
This notification amends the previous Notification No. 18/2022-Central Excise to reduce the Special Additional Excise Duty on production of Petroleum Crude from the existing rate to Rs. 2100 per tonne. The amendment is made by the Ministry of Finance under the Central Excise Act, 1944, and the Finance Act, 2002, citing public interest as the reason. The notification comes into force on 17th August, 2024.
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