{"act":{"id":"finance-act-2014","short_title":"The Finance Act, 2014","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2014-2015.","act_number":"25","act_year":2014,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":129,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2014/"},"unit":"section","section":{"number":"111","heading":"Amendment of notification number GSR 163(E), dated 17th March, 2012 issued under section 5A of Central Excise Act","text":"Amendment of notification number GSR 163(E), dated 17th March, 2012 issued under section 5A of Central Excise Act 111. (1) The notification of the Government of India in the Ministry of Finance (Department of Revenue) number GS.R. 163(E), dated the 17th March, 2012, issued under sub-section (1) of section 5A of the Central Excise Act, as specified in column (1) of the Sixth Schedule, shall stand amended and shall be deemed to have been amended retrospectively, in the manner specified in column (2) of that Schedule, on and from and up to the corresponding dates specified in column (3) of the said Schedule. (2) For the purposes of sub-section (1), the Central Government shall have and shall be deemed to have the power to amend the said notification with retrospective effect as if the Central Government had the power to amend the said notification under sub-section (1) of section 5 A of the Central Excise Act, retrospectively, at all material times. (3) The refund shall be made of all such duty of excise which has been collected but which would not have been so collected, had the notification referred to in sub-section (1) been in force at all material times, subject to the provisions of section 11B of the Central Excise Act. (4) Notwithstanding anything contained in section 11B of the Central Excise Act, an application for the claim of refund of duty of excise under sub-section (3) shall be made within six months from the date on which the Finance (No. 2) Bill, 2014 receives the assent of the President. (5) No act or omission on the part of any person shall be punishable as an offence which would not have been so punishable had the said notification not been amended retrospectively. Explanation.—For the purposes of sub-section (1), the \"corresponding date\" in relation to— (i) | tariff items specified against Sl.No.81, means the 8th February, 2013 to 10th July, 2014 (both days inclusive); and (ii) | Chapters specified against Sl. No. 172A, means the 17th March, 2012 to 10th July, 2014 (both days inclusive). © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b> Amendment of notification number GSR 163(E), dated 17th March, 2012 issued under section 5A of Central Excise Act </b></p><p><b> 111. </b>(1) The notification of the Government of India in the Ministry of Finance (Department of Revenue) number GS.R. 163(E), dated the 17th March, 2012, issued under sub-section (1) of section 5A of the Central Excise Act, as specified in column (1) of the Sixth Schedule, shall stand amended and shall be deemed to have been amended retrospectively, in the manner specified in column (2) of that Schedule, on and from and up to the corresponding dates specified in column (3) of the said Schedule.</p><p><span class=\"num\">(2)</span> For the purposes of sub-section (1), the Central Government shall have and shall be deemed to have the power to amend the said notification with retrospective effect as if the Central Government had the power to amend the said notification under sub-section (1) of section 5 A of the Central Excise Act, retrospectively, at all material times.</p><p><span class=\"num\">(3)</span> The refund shall be made of all such duty of excise which has been collected but which would not have been so collected, had the notification referred to in sub-section (1) been in force at all material times, subject to the provisions of section 11B of the Central Excise Act.</p><p><span class=\"num\">(4)</span> Notwithstanding anything contained in section 11B of the Central Excise Act, an application for the claim of refund of duty of excise under sub-section (<i>3</i>) shall be made within six months from the date on which the Finance (No. 2) Bill, 2014 receives the assent of the President.</p><p><span class=\"num\">(5)</span> No act or omission on the part of any person shall be punishable as an offence which would not have been so punishable had the said notification not been amended retrospectively.</p><p><i>Explanation.</i>—For the purposes of sub-section (1), the \"corresponding date\" in relation to—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>tariff items specified against Sl.No.81, means the 8th February, 2013 to 10th July, 2014 (both days inclusive); and</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>Chapters specified against Sl. No. 172A, means the 17th March, 2012 to 10th July, 2014 (both days inclusive).</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":351,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2014/section/111/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}