TaxTMI 
TaxTMI 
Central Excises-Amendment to Section 4 of the Central Excises and Salt Act, 1944, by the Finance Act, 1982 - Instructions regarding
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....inance (Department of Revenue) New Delhi Subject : Central Excises-Amendment to Section 4 of the Central Excises and Salt Act, 1944, by the Finance Act, 1982 - Instructions regarding. The Finance Bill, 1982 has been passed by both the Houses of Parliament and has received the President's assent on 11-5-1982. Thus the amendment to section 4 proposed in clause 47 of the Finance Bill, 1982, has be....
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....verable with effect from 1st October, 1975. All such assessments from 1-10-1975 onwards, may, therefore, be reopened, the correct duty liability determined and differential duty demanded, wherever necessary. Demand notices for such recoveries may immediately be issued under sub-section (2)(d) of section 47 of the Finance Act, 1982. It may be noted that these demand may have to be made under Sub-se....
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....uits or proceedings are pending in any Court, the provisions of Section 47 of the Finance Act, 1982, may be brought to the notice of the Court and the Court may be moved immediately for dismissing such suit/or proceedings. Where a stay against recovery of such duties has been granted by the Court or the Court has ordered refund of such duty as an interim relief, the Court may be moved for vacation....