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77. Amendment of section 11DD |
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.—In section 11DD of the Central Excise Act, in sub-section (1), for the words "buyer of such goods, the person", the words "buyer of such goods or from any person or where a person has collected any amount as representing duty of excise on any excisable goods which are wholly exempt or are chargeable to nil rate of duty, the person" shall be substituted.
Clause 77 seeks to amend section 11DD of the Central Excise Act so as to provide for recovery of interest on amount collected in excess of the duty assessed or determined and paid from the person who collected such amount, and also provide for recovery of interest on the amount collected by any person as representing duty of excise on any excisable goods, which are wholly exempt or are chargeable to nil rate of duty.
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