Compounded levy per cold rolling machine allows discharge of excise liability subject to application, declarations and reconciliation. The scheme allows manufacturers who cold-roll stainless steel pattis/pattas to discharge excise liability by paying a government-notified sum per cold rolling machine for a specified period, subject to Collector-approved application procedures, monthly declarations, reconciliation of provisional payments for new or resumed factories, prohibition on input credit against the compounded payment, and conditions for exemption from specified procedural rules; non-compliance triggers duty recalculation at tariff rates, recovery of shortfalls, confiscation, penalty and debarment, with Collector discretion to condone failures and to adjust duties on cessation or reversion to normal procedure.
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.
Compounded levy per cold rolling machine allows discharge of excise liability subject to application, declarations and reconciliation.
The scheme allows manufacturers who cold-roll stainless steel pattis/pattas to discharge excise liability by paying a government-notified sum per cold rolling machine for a specified period, subject to Collector-approved application procedures, monthly declarations, reconciliation of provisional payments for new or resumed factories, prohibition on input credit against the compounded payment, and conditions for exemption from specified procedural rules; non-compliance triggers duty recalculation at tariff rates, recovery of shortfalls, confiscation, penalty and debarment, with Collector discretion to condone failures and to adjust duties on cessation or reversion to normal procedure.
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