<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Amendment to Section 35F: Automatic Waiver of 92.5% Tax Demand &amp; Penalty; No More Waiver Applications Needed.</title>
    <link>https://www.taxtmi.com/highlights?id=50370</link>
    <description>After the amendment brought in Section 35F of the Central Excise Act, 1944, the statute has already waived 92.5% of the demand of the tax and the penalty. Thus, after the said amendment there is no question whatsoever arises of preferring “waiver application” to deposit the pre-deposit amount @ 7.5% of the total amount of duty</description>
    <language>en-us</language>
    <pubDate>Mon, 25 Nov 2019 09:31:44 +0530</pubDate>
    <lastBuildDate>Mon, 25 Nov 2019 09:31:44 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=595232" rel="self" type="application/rss+xml"/>
    <item>
      <title>Amendment to Section 35F: Automatic Waiver of 92.5% Tax Demand &amp; Penalty; No More Waiver Applications Needed.</title>
      <link>https://www.taxtmi.com/highlights?id=50370</link>
      <description>After the amendment brought in Section 35F of the Central Excise Act, 1944, the statute has already waived 92.5% of the demand of the tax and the penalty. Thus, after the said amendment there is no question whatsoever arises of preferring “waiver application” to deposit the pre-deposit amount @ 7.5% of the total amount of duty</description>
      <category>Highlights</category>
      <law>Service Tax</law>
      <pubDate>Mon, 25 Nov 2019 09:31:44 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=50370</guid>
    </item>
  </channel>
</rss>