https://www.taxtmi.com/acts?id=9658 Amendments introduce a transitional deferred-payment regime for specified goods made taxable from 1 March 2002: duty for removals in the transitional period must be paid by a single prescribed date and is deemed discharged only when credited to the Central Government account; deemed payment status permits credit under existing rules. Failure to pay by the due date attracts notified interest on outstanding amounts, forfeiture of instalment payment facilities for a subsequent period, requirement to pay by account current for clearances during the forfeiture period, and treatment of non-payment as clearance without duty. Assessees must also file prescribed returns for the transitional months. en-us Tue, 21 Oct 2008 15:08:18 +0530 Wed, 22 Oct 2008 17:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9658 Amendments introduce a transitional deferred-payment regime for specified goods made taxable from 1 March 2002: duty for removals in the transitional period must be paid by a single prescribed date and is deemed discharged only when credited to the Central Government account; deemed payment status permits credit under existing rules. Failure to pay by the due date attracts notified interest on outstanding amounts, forfeiture of instalment payment facilities for a subsequent period, requirement to pay by account current for clearances during the forfeiture period, and treatment of non-payment as clearance without duty. Assessees must also file prescribed returns for the transitional months. Act-Rules F. Acts / Amendment Acts Tue, 21 Oct 2008 15:08:18 +0530 https://www.taxtmi.com/acts?id=9658