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of <h1>Central Government Amends Central Excise Rules, 2002: Key Changes in Interest, Penalties, Digital Records, and Invoicing Procedures</h1> The Central Government has amended the Central Excise Rules, 2002, effective March 1, 2015. Key changes include amendments to rules regarding interest and penalties, digital record-keeping, and invoicing procedures. Digital signatures are now permissible for electronic records and invoices, with specific conditions outlined by the Board. Provisions for late submission penalties of returns and statements have been introduced, with fines up to twenty thousand rupees. Definitions related to exports have been clarified, and penalties for certain violations have been increased. These amendments aim to streamline processes and enhance compliance within the excise framework.
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