https://www.taxtmi.com/acts?id=49714 The amendment creates a reduced-penalty regime where duty or interest determined on assessment and interest thereon, if paid within thirty days of communication of the determination, attract a reduced penalty; the reduced benefit requires payment of the reduced penalty within that period. Adjustments following appellate or judicial variation treat the altered duty or interest as operative, and increased assessments permit the reduced benefit only if the increased liability, interest, and proportionate penalty increase are paid within thirty days. The provision bars concurrent penalties under other specified sections and permits adjustment of prior payments against total dues. en-us Mon, 24 Feb 2025 15:36:24 +0530 Mon, 24 Feb 2025 15:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49714 The amendment creates a reduced-penalty regime where duty or interest determined on assessment and interest thereon, if paid within thirty days of communication of the determination, attract a reduced penalty; the reduced benefit requires payment of the reduced penalty within that period. Adjustments following appellate or judicial variation treat the altered duty or interest as operative, and increased assessments permit the reduced benefit only if the increased liability, interest, and proportionate penalty increase are paid within thirty days. The provision bars concurrent penalties under other specified sections and permits adjustment of prior payments against total dues. Act-Rules F. Acts / Amendment Acts Mon, 24 Feb 2025 15:36:24 +0530 https://www.taxtmi.com/acts?id=49714