Amendment of notification number GSR 163(E), dated 17th March, 2012 issued under section 5A of Central Excise Act
Section 111 of the Finance Act, 2014 deals with amendment of notification number GSR 163(E), dated 17th March, 2012 issued under section 5A of Central Excise Act. Amendment of notification number GSR 163(E), dated 17th March, 2012 issued under section 5A of Central Excise Act 111.
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.
Section 111, The Finance Act, 2014 (Act 25 of 2014).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 111
What does Section 111 of the Finance Act deal with?
Section 111 of the Finance Act is headed "Amendment of notification number GSR 163(E), dated 17th March, 2012 issued under section 5A of Central Excise Act". Amendment of notification number GSR 163(E), dated 17th March, 2012 issued under section 5A of Central Excise Act 111.
How do I find court cases under Section 111 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2014 111, section 111 Finance Act 2014, section 111 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 111 of the Finance Act, and has it changed?
Its own text turns on Central Excise Act 5A (Power to grant exemption from duty of excise), Central Excise Act 11B (Claim for refund of duty and interest, if any, paid on such duty), section 5 (Amendment of section 10), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was the Finance Act enacted?
Finance Act was enacted in 2014 as Act 25 of 2014. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. THE FIRST SCHEDULE7973 words
- 2. Income-tax3522 words
- 114. Amendment of Act 32 of 19941078 words
- 3. Amendment of section 21041 words
- Seventh Schedule. THE SEVENTH SCHEDULE908 words
- 76. Substitution of new section for section 285BA878 words
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