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75.Amendment of section 11B. |
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In section 11B of the Central Excise Act,—
(i) in sub-section (1),—
(a) for the words "duty of excise", wherever they occur, the words "duty of excise and interest, if any, paid on such duty" shall be substituted;
(b) for the word "duty", wherever it occurs, the words "duty and interest, if any, paid on such duty" shall be substituted;
(ii) in sub-section (2), except in clauses (a) and (c) of the first proviso,—
(a) for the words "duty of excise", wherever they occur, the words "duty of excise and interest, if any, paid on such duty" shall be substituted;
(b) for the word "duty", wherever it occurs, the words "duty and interest, if any, paid on such duty" shall be substituted.
Clause 75 seeks to amend section 11B of the Central Excise Act to provide for the refund of interest paid on any duty of excise.
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