https://www.taxtmi.com/acts?id=49741 Denial of credit for duty paid on high speed diesel oil is validated retrospectively: credits claimed during 16 March 1995 until assent to the Finance Act, 2000 are deemed inadmissible and actions taken to deny or disallow utilisation of such credit are declared valid as if the validation had always been in force. No proceedings or enforcement allowing such credit may be maintained, and credits taken or utilised but not permitted must be recovered within thirty days of assent, with interest payable from the day after that period until payment. The provision removes penal liability for acts not otherwise offences. en-us Mon, 24 Feb 2025 15:55:51 +0530 Mon, 24 Feb 2025 15:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49741 Denial of credit for duty paid on high speed diesel oil is validated retrospectively: credits claimed during 16 March 1995 until assent to the Finance Act, 2000 are deemed inadmissible and actions taken to deny or disallow utilisation of such credit are declared valid as if the validation had always been in force. No proceedings or enforcement allowing such credit may be maintained, and credits taken or utilised but not permitted must be recovered within thirty days of assent, with interest payable from the day after that period until payment. The provision removes penal liability for acts not otherwise offences. Act-Rules F. Acts / Amendment Acts Mon, 24 Feb 2025 15:55:51 +0530 https://www.taxtmi.com/acts?id=49741