Amendment of Chapter Notes to Chapter 54 of First Schedule

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....nserted with effect from the 29^th day of June, 2010, namely:--      "1A. Notwithstanding anything contained in Note 1, man-made fibre such as polyester staple fibre and polyester filament yarn manufactured from plastic and plastic waste including waste polyethylene terephthalate bottles shall be classified as textile material under Chapter 54 or Chapter 55, as the case may ....

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....lected during the specified period on such goods shall be deemed to be and always to have been, as validly levied, assessed or collected as if the amendment made by sub-section (1) had been in force at all material times;            (b) recovery shall be made of all the duties which have not been paid, but would have been paid had the amendments....

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....2004 which has not been availed by him for reason of such goods being treated as non-excisable or exempted goods.                Explanation.- For the removal of doubts, it is hereby declared that no act or omission on the part of any person shall be punishable as an offence which would not have been so punishable had this se....

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....012 receives the assent of the President.      It further seeks to provide a time limit of one month to pay the duty of excise and in case of failure, interest at the rate of twenty-four per cent. per annum shall be payable along with the duty of excise.      It also seeks to provide that in computing the amount of duty which is recoverable as above, t....