https://www.taxtmi.com/article/detailed?id=1181 A substituted Section 11A establishes two recovery regimes: one-year limitation for non-fraud short levy and five-year limitation where fraud, collusion or willful suppression with intent to evade is alleged, with procedures for notice, determination and pre-notice voluntary payment; Section 11AA prescribes recoverable interest on delayed duty at rates notified by the Central Government; Section 11AC sets graduated penalties including full-duty, fifty percent and reduced penalties for prompt payment; Sections 11E, 12F and 35R respectively create first-charge status for excise dues, broaden search and seizure powers applying CrPC provisions, and allow the Board to fix monetary limits for departmental appeals without constituting acquiescence. en-us Thu, 03 Mar 2011 21:57:19 +0530 Thu, 03 Mar 2011 21:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1181 A substituted Section 11A establishes two recovery regimes: one-year limitation for non-fraud short levy and five-year limitation where fraud, collusion or willful suppression with intent to evade is alleged, with procedures for notice, determination and pre-notice voluntary payment; Section 11AA prescribes recoverable interest on delayed duty at rates notified by the Central Government; Section 11AC sets graduated penalties including full-duty, fifty percent and reduced penalties for prompt payment; Sections 11E, 12F and 35R respectively create first-charge status for excise dues, broaden search and seizure powers applying CrPC provisions, and allow the Board to fix monetary limits for departmental appeals without constituting acquiescence. Articles Central Excise Thu, 03 Mar 2011 21:57:19 +0530 https://www.taxtmi.com/article/detailed?id=1181