Amendment of section 114
Section 84 of the Finance Act, 2015 deals with amendment of section 114. Amendment of section 114 84. In the Customs Act, in section 114, for clause (ii), the following clause shall be substituted, namely:— "(ii) in the case of dutiable goods, other than prohibited goods, subject to the provisions of section 114A, to a penalty not exceeding ten per cent of the duty sough
Amendment of section 114
84. In the Customs Act, in section 114, for clause (ii), the following clause shall be substituted, namely:—
"(ii) in the case of dutiable goods, other than prohibited goods, subject to the provisions of section 114A, to a penalty not exceeding ten per cent of the duty sought to be evaded or five thousand rupees, whichever is higher:
Provided that where such duty as determined under sub-section (8) of section 28 and the interest payable thereon under section 28AA is paid within thirty days from the date of communication of the order of the proper officer determining such duty, the amount of penalty liable to be paid by such person under this section shall be twenty-five per cent of the penalty so determined;".
Section 84, The Finance Act, 2015 (Act 20 of 2015).
Cross-references
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Questions about Section 84
What does Section 84 of the Finance Act deal with?
Section 84 of the Finance Act is headed "Amendment of section 114". Amendment of section 114 84. In the Customs Act, in section 114, for clause (ii), the following clause shall be substituted, namely:— "(ii) in the case of dutiable goods, other than prohibited goods, subject to the provisions of section 114A, to a penalty not exceeding ten per cent of the duty sough
How do I find court cases under Section 84 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 2015 84, section 84 Finance Act 2015, section 84 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 84 of the Finance Act, and has it changed?
Its own text turns on section 28 (Amendment of section 115A), section 114 (Substitution of new section for section 78), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2015 as Act 20 of 2015. 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. First Schedule8029 words
- Fifth Schedule. Fifth Schedule4392 words
- 2. Income-tax3525 words
- 94. Substitution of new section for section 11AC1125 words
- 6. Insertion of new section 9A1095 words
- 5. Amendment of section 91039 words
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