https://www.taxtmi.com/acts?id=12109 Retrospective amendment of section 5A notifications deems specified excise exemption notifications amended from corresponding retrospective dates to extend investment timelines. Manufacturers using the amended exemptions must provide investment details to the Investment Appraisal Committee within six months of presidential assent; the Committee must verify investments and issue certificates by the prescribed cut-off. Unutilised escrow funds after the cut-off are forfeited to the Central Government. Recovery of duties and interest otherwise due may be effected within a one-year window, and suits or proceedings challenging actions under the deemed retrospective amendments are barred. en-us Wed, 02 Mar 2011 16:49:55 +0530 Wed, 02 Mar 2011 16:49:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12109 Retrospective amendment of section 5A notifications deems specified excise exemption notifications amended from corresponding retrospective dates to extend investment timelines. Manufacturers using the amended exemptions must provide investment details to the Investment Appraisal Committee within six months of presidential assent; the Committee must verify investments and issue certificates by the prescribed cut-off. Unutilised escrow funds after the cut-off are forfeited to the Central Government. Recovery of duties and interest otherwise due may be effected within a one-year window, and suits or proceedings challenging actions under the deemed retrospective amendments are barred. Act-Rules Bills Wed, 02 Mar 2011 16:49:55 +0530 https://www.taxtmi.com/acts?id=12109