https://www.taxtmi.com/acts?id=49622 The Finance Act, 1999 amends Act 32 of 1994 by: inserting in section 71 an explicit requirement that actions "under section 70" be taken only after obtaining written permission from the Commissioner of Central Excise; adding to section 73 an Explanation that periods during which notice service is stayed by a court are excluded from computing the specified limitation periods; and substituting section 77's prior weekly escalating penalty regime with a provision making the offender liable to a single penalty not exceeding two thousand rupees. en-us Sat, 22 Feb 2025 12:43:57 +0530 Sat, 22 Feb 2025 12:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49622 The Finance Act, 1999 amends Act 32 of 1994 by: inserting in section 71 an explicit requirement that actions "under section 70" be taken only after obtaining written permission from the Commissioner of Central Excise; adding to section 73 an Explanation that periods during which notice service is stayed by a court are excluded from computing the specified limitation periods; and substituting section 77's prior weekly escalating penalty regime with a provision making the offender liable to a single penalty not exceeding two thousand rupees. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 12:43:57 +0530 https://www.taxtmi.com/acts?id=49622