Section 11ab of central excise act 1944

Author: gpxo

August undefined, 2024

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 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 ...

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

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 … 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 ... gt osteotomy

Section 11A in the Central Excise Act, 1944 - Indian Kanoon

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] … WebCentral Excise Act, 1944. 11AB. 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 … Web11B. 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 … pileup on ohio turnpike

Interest is payable u/s 11AB on differential excise duty ... - Abcaus

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 … pileup on pennsylvania turnpikeWebClaim 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 ... gt osat ralli 2023 reitti

"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. " - Section 11ab of central excise act 1944

Section 11ab of central excise act 1944

Cenvat Credit cannot be denied for demand Under Section 11A

WebCentral 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 ... 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.

Did you know?

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 … Web18 Jun 2024 · Maithan Steel & Power Ltd. v. Commissioner of central excise 2016 (344) E.L.T. 792 (Sett. Comm.) it was held that once duty liability has arisen, payment of interest becomes mandatory from due date as per section 11AB and 11AA of central Excise Act,1944. Hence, levy of interest is automatic and mandatory.

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 … 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 …

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 … Webunder Section 11AB of the Act, (iii) appropriation of the amount of Rs. 12,50,000 voluntarily paid by them immediately after the search, towards duty liability, (iv) penalty in terms of Section 11AC of the Act and also under Rule 173Q of the erstwhile Central Excise Rules, 1944/ Rule 25 of the Central Excise Rules,

Web6 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 …

WebSection 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 … gto tallahasseeWebThe Central Excise Act, 1944 An Act to consolidate and amend the law relating to Central Duties of Excise WHEREAS it is expedient to consolidate and amend the law relating to … gtoss makeup artist tutorial on makeupWebValuation - 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. pileup on i 94Web9 May 2024 · Supreme Court: Deciding the question whether interest is payable on the differential excise duty with retrospective effect that become payable on the basis of … pile varta 6vWeb27 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 … gto valueWeb(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 … pileup on ohio turnpike todayWebSection 11AB - Interest on delayed payment of duty - Omitted - Central Excise Act, 1944. ..... already paid. ( 2) The provisions of sub-section ( 1) shall not apply to cases where the … pile valley