https://www.taxtmi.com/acts?id=49729 The amendment prescribes a reduced penalty of twenty-five percent where the duty determined under section 11A(2) and interest under section 11AB are paid within the specified prompt period, conditions the reduction on concurrent payment of the penalty, requires that appellate or judicially adjusted duties be taken into account, and makes the reduced-penalty benefit available after an increase on appeal only if the increased duty, interest and twenty-five percent of the consequential penalty increase are paid within the prompt period; prior payments may be adjusted against amounts due. en-us Mon, 24 Feb 2025 15:41:10 +0530 Mon, 24 Feb 2025 15:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49729 The amendment prescribes a reduced penalty of twenty-five percent where the duty determined under section 11A(2) and interest under section 11AB are paid within the specified prompt period, conditions the reduction on concurrent payment of the penalty, requires that appellate or judicially adjusted duties be taken into account, and makes the reduced-penalty benefit available after an increase on appeal only if the increased duty, interest and twenty-five percent of the consequential penalty increase are paid within the prompt period; prior payments may be adjusted against amounts due. Act-Rules F. Acts / Amendment Acts Mon, 24 Feb 2025 15:41:10 +0530 https://www.taxtmi.com/acts?id=49729