Excise duty compliance: capacity based payment scheme, lapse of specified duty credits and interest on delayed payments. Amendments impose capacity linked duty debits for non alloy steel ingots, billets and hot re rolled products, restrict utilisation of specified duty credits existing on commencement, and set detailed procedures for computing and paying total duty liabilities, adjustment of earlier payments, interest on defaults, alternative lump sum or monthly discharge options with pro rata adjustments, and abatement reporting requirements for periods of temporary cessation including prescribed notices, electricity meter readings, stock declarations and a mandatory intimation proforma to authorities.
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Provisions expressly mentioned in the judgment/order text.
Excise duty compliance: capacity based payment scheme, lapse of specified duty credits and interest on delayed payments.
Amendments impose capacity linked duty debits for non alloy steel ingots, billets and hot re rolled products, restrict utilisation of specified duty credits existing on commencement, and set detailed procedures for computing and paying total duty liabilities, adjustment of earlier payments, interest on defaults, alternative lump sum or monthly discharge options with pro rata adjustments, and abatement reporting requirements for periods of temporary cessation including prescribed notices, electricity meter readings, stock declarations and a mandatory intimation proforma to authorities.
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