Cement cess compliance: monthly returns and remittance required, proceeds used for industry development and R&D. Manufacturers meeting capacity thresholds must file a prescribed monthly return by the 15th and remit the cess for the prior month by the 15th of the following month; the Collecting Agency may call for accounts if returns are late or suspect. Cess proceeds are credited to the Consolidated Fund and may be disbursed to the Development Council after appropriation and deduction of collection costs. The Development Council must maintain bank accounts, submit audited annual accounts, secure Central Government sanction for its budget before expenditure, and apply proceeds to specified industry development, R&D, environmental, quality, training, distribution and administrative purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cement cess compliance: monthly returns and remittance required, proceeds used for industry development and R&D.
Manufacturers meeting capacity thresholds must file a prescribed monthly return by the 15th and remit the cess for the prior month by the 15th of the following month; the Collecting Agency may call for accounts if returns are late or suspect. Cess proceeds are credited to the Consolidated Fund and may be disbursed to the Development Council after appropriation and deduction of collection costs. The Development Council must maintain bank accounts, submit audited annual accounts, secure Central Government sanction for its budget before expenditure, and apply proceeds to specified industry development, R&D, environmental, quality, training, distribution and administrative purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
