Penalty provisions revised to limit penalties to duty on excisable goods and raise statutory monetary caps. Amendments to the Central Excise Rules, 1944 omit numerous specified rules and sub rules, substitute certain cross references, and revise penalty provisions by limiting penal liability to the duty on excisable goods and increasing specified monetary caps. The notification also grants a specified credit for additional duty paid on certain marble slabs or tiles, establishes the applicable offset per unit area, and brings these changes into force on the date of notification.
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Penalty provisions revised to limit penalties to duty on excisable goods and raise statutory monetary caps.
Amendments to the Central Excise Rules, 1944 omit numerous specified rules and sub rules, substitute certain cross references, and revise penalty provisions by limiting penal liability to the duty on excisable goods and increasing specified monetary caps. The notification also grants a specified credit for additional duty paid on certain marble slabs or tiles, establishes the applicable offset per unit area, and brings these changes into force on the date of notification.
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