Section 11ab of central excise act 1944

Author: tzds

August undefined, 2024

Web22 Apr 2024 · Interest under Section 11AB of Central Excise Act, 1944 should not be paid by them on the amounts demanded at Sl.No.(i) to (iii) above; vii. Penalty under Section 11AC … WebValuation - Whether the duty on the enhanced value on supplementary invoices is delayed payment of duty and, if so, whether such delayed payment of duty should be subjected to interest under Section 11AB of the Central Excise Act, 1944 and whether the penalty is imposable under Section 11AC.

Section 11AC of the Central Excise Act, 1944 - Indian Act / Law ...

Web1 Mar 2016 · Seeks to prescribe interest rate at 15% p.a. for section 11AA of Central Excise Act, 1944. CBEC vide Notification No. 15/2016-Central Excise (N.T), Dated: March 1, 2016 … Web23 Nov 2010 · The Commissioner, Central Excise, Ahmedabad vide order dated 31.5.2007 demanded central excise duty of Rs.15,14,966/- from M/s Neatwell Castings under … fawnie mountain outfitters

Levy of Interest under GST - Hiregange & Associates LLP

Web15 Nov 2010 · Bajaj were called upon to show cause as to why the differential duty specified in the notice should not be demanded and recovered under Section 11A of the Central … Web23 Nov 2010 · The Commissioner, Central Excise, Ahmedabad vide order dated 31.5.2007 demanded central excise duty of Rs.15,14,966/- from M/s Neatwell Castings under proviso to Section 11-A of the Central Excise Act, 1944 by invoking extended period of five years along with the penalty thereon. Web27 Mar 2014 · He has further held that the appellant is also liable to pay interest on the said duty demand under the provisions of Section 11AB of the Central Excise Act, 1944 read with Section 28AB of the Customs Act, 1962.provisions of Section 72 of the Customs Act read with conditions laid down in the B-17 bond executed by them. The said notice was ... friendly honk crossword clue

Section 11AB - Interest on delayed payment of duty - Omitted - Central

Section 11AC of the Central Excise Act, 1944 - Penalty

WebClaim for refund of duty. 11B. CLAIM FOR REFUND OF DUTY. (1) Any person claiming refund of any duty of excise may make an application for refund of such duty to the Assistant Commissioner of Central Excise before the expiry of six months from the relevant date in such form and manner as may be prescribed and the application shall be accompanied ... Web6 Sep 2009 · Section 11AC of the Central Excise Act, 1944 - Penalty - For short-levy or non-levy of duty in certain cases - Period 28-7-2001 to 28-2-2002 - Whether provisos to section 11AC postulates that if duty as determined under section 11A (2) by Central Excise Officer is paid within thirty days, then penalty equal to amount of duty is not required to be … friendly honda used cars fawn icon

"WebSection 11AA in the Central Excise Act, 1944. 1[11AA. Interest on delayed payment of duty.—2[. (1)] 3[Subject to the provisions contained in section 11AB, where a person] … " - Section 11ab of central excise act 1944

Section 11ab of central excise act 1944

Section 11-A of the Central Excise Act, 1944 - Excise

Web1 Aug 2014 · The introduction of provisions for interest on delayed payment of duty came into effect from 1995-96 in view of section 11AA and 11AB of the Central Excise Act, 1944. Thus, by delaying appeal in Cestat, one would not gain by unduly with holding the payment of duty since interest is payable from the date when the duty becomes payable. Web6 Sep 2009 · Section 11AC of the Central Excise Act, 1944 - Penalty - For short-levy or non-levy of duty in certain cases - Period 28-7-2001 to 28-2-2002 - Whether provisos to section …

Did you know?

Web23 Apr 2011 · This is one of highest increase in the rates of interest ever. In Central Excise the notification no. No. 6/2011-Central Excise (N.T.) dt. 01.03.2011 has brought an amendment for the purpose of the section 11AB of the Central Excise Act, 1944 by fixing the interest rate at 18% p.a. Web(1) Where any duty of excise has not been levied or paid or has been short-levied or short-paid or erroneously refunded, the person who is liable to pay duty as determined under …

WebHe further submits that Section 11AB of Central Excise Act which prescribes interest on the delayed payment of duty overrides the Rule and cannot exceed beyond the provisions of Section 11AB. Section 11AB prescribes interest on delayed payment at 13% per annum during the relevant period. He also submits that the government cannot impose higher ... Web23 Nov 2010 · The purpose and object of the notification dated 11.8.1994 was to exempt those specified intermediate goods, which were otherwise excisable to duty, and not to exempt or absolve the respondents from following the statutory requirements for the manufacture of intermediate excisable goods.

Webthe provisions of this section shall also apply to cases in which the order determining the duty under sub-section (2) of section 11A relates to notices issued prior to the date on … Web8 May 2024 · The Hon’ble Supreme Court opined that the reasoning of the Court in the order referred that for the purpose of Section 11AB, the expression “ought to have been paid” would mean the time when the price was agreed upon by the seller and the buyer does not square with our understanding of the clear words used in Section 11AB and as the rules …

Web27 Jun 2009 · Section 11AC of the Central Excise Act, 1944 - Penalty - For short-levy or non-levy of duty in certain cases - Period 1-7-2000 to 31-3-2004 - Whether penal provision of …

Web15 Nov 2010 · Chemphar Drugs and Liniments, Hyderabad, (1989) 2 SCC 127, held: (when the period prescribed was six months prior to it being made one year by the Finance Act, 2000, with effect from 12.05.2000): “In order to make the demand for duty sustainable beyond a period of six months and up to a period of 5 years in view of the proviso to sub … friendly hope baptist churchWeb11AB. INTEREST ON DELAYED PAYMENT OF DUTY. (1) Where any duty of excise has not been levied or paid or has been short-levied or short-paid or erroneously refunded by … friendly honda yamaha baton rouge louisianaWebSection 11AB of Central Excise Act: Get complete details about Section 11AB Central Excise Act, 1944 (Interest on delayed payment of duty) at LawRato.com Consult & Hire … fawn incorporationWeb6 Sep 2009 · Section 11AB, read with section 11A, of the Central Excise Act, 1944 - Interest on delayed payment of duty - Whether penalty is attracted to category of cases in which … friendly honda yamaha polarisWeb11B. CLAIM FOR REFUND OF DUTY. (1) Any person claiming refund of any duty of excise may make an application for refund of such duty to the Assistant Commissioner of … fawnifer steamWebSection 11AB in the Central Excise Act, 1944. 1 [11AB. Interest on delayed payment of duty.—2 [. (1) Where any duty of excise has not been levied or paid or has been short-levied or short-paid or erroneously refunded, the person who is liable to pay duty as determined … fawnia mondey modelWebCentral Excise Act, 1944: Chapter: I: Preliminary: Section 1: Short title, extent and commencement. Section 2: ... Section 11AB: Interest on delayed payment of duty - Omitted: ... sub-heading and tariff item in Central Excise Tariff Act, 1985. Section 39: Repeal of enactments.-Section 40: Protection of action taken under theAct: Schedules: 1st ... friendly hotels plc