2024 Section 11ab of central excise act 1944

Section 11ab of central excise act 1944

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August undefined, 2024

WebSection 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 … 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 …

The Central Excise Act, 1944

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 … 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 … kitchen cabinet unfinished 30 in w 15 in h

Cenvat Credit cannot be denied for demand Under Section 11A

Web28 Feb 2024 · (x) I confirm that in terms of the Section 11AA of the Central Excise Act, 1944 read with erstwhile Section 11AB of the Central Excise Act, 1944 interest is chargeable from M/s Super & M/s Omega on the amount of Central Excise duty confirmed above under Para-20(i) to Para-20(iv) and Para-20(v) to Para-20(viii) above; 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 ... 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 ... kitchen cabinet undermount shelf

Rule 57F(2) and Rule 57(3) of the Central Excise Rules, 1994

WebExplanation 1 : Where the duty determined to be payable is reduced by the Commissioner (Appeals), Appellate Tribunal or, as the case may be, the court, the date of such determination shall be the date on which an amount of … 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 … kitchen cabinet unit wall mounting bracketWeb23 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 … kitchen cabinet upgrade cost

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

Section 11ab of central excise act 1944

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

WebProvided that where the duty determined to be payable is reduced or increased by the Commissioner (Appeals), the Appellate Tribunal or, as the case may be, the court, then, for … 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.

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Web11AB. 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 … 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] …

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 … 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 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. 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.

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 …

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, kitchen cabinet upcycle ideasWebSection 11A was held to be a recovery provision as regards non-levy, non-paid, short-levy, short-paid or erroneously refunded duty. Levy of excise duty under Rule 10 of the Excise Rules, 1944 on the basis of approved classification list or price list was found to be correct levy. It did not give rise to short-levy. kitchen cabinet upgrades ideasWebHe 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 ... kitchen cabinet upper heightWeb15 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 … kitchen cabinet upgrade with beadboardWebCentral 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 … kitchen cabinet urban dictionaryWeb11B. 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 … kitchen cabinet used richmond indianaWeb—For the removal of doubts, it is hereby declared that the interest under section 11AB shall be payable on the amount paid by the person under this sub-section and also on the … kitchen cabinet upper full overlay