https://www.taxtmi.com/circulars?id=1499 Insertion of offences for Inland Air Travel Tax makes it a punishable act when a carrier collects the tax but fails to remit it to the Central Government, with imprisonment and fine prescribed. Corporate-liability provisions deem the company and persons in charge liable, subject to a defence of lack of knowledge or due diligence; officers shown to have consented, connived or been negligent are also criminally liable. "Company" includes firms and partners are treated as directors. The provisions apply prospectively and permit the Central Government to take action against defaulting carriers, with directions for public notice. en-us Fri, 06 Jun 2003 00:00:00 +0530 Mon, 02 Mar 2009 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1499 Insertion of offences for Inland Air Travel Tax makes it a punishable act when a carrier collects the tax but fails to remit it to the Central Government, with imprisonment and fine prescribed. Corporate-liability provisions deem the company and persons in charge liable, subject to a defence of lack of knowledge or due diligence; officers shown to have consented, connived or been negligent are also criminally liable. "Company" includes firms and partners are treated as directors. The provisions apply prospectively and permit the Central Government to take action against defaulting carriers, with directions for public notice. Circulars Customs Fri, 06 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1499