Indirect Taxes - Excise - FINANCE BILL, 2011

Chapter: IV - Part 2
Indirect Taxes - Excise
Clause 59	:	Amendment of section 4A. Clause 59 of the Bill seeks to amend section 4A of the Central Excise Act so as to substitute the Standards of Weights and M....
Clause 60	:	Substitution of new section for section 11A- Recovery of duties not levied or not paid or short-levied or short-paid or erroneously refunded. Clause 60 of the Bill seeks to substitute section 11A of the Central Excise Act relating to recovery of duties not levied or....
Clause 61	:	Substitution of new section for sections 11AA and 11AB- Interest on delayed payment of duty. Clause 61 of the Bill seeks to substitute a new section 11AA for sections 11AA and 11AB of the Central Excise Act relating t....
Clause 62	:	Substitution of new section for section 11AC- Penalty for short-levy or non-levy of duty in certain cases. Clause 62 of the Bill seeks to substitute section 11AC to provide that for the new category of cases the general penalty sha....
Clause 63	:	Insertion of new section 11E- Liability under Act to be first charge. Clause 63 of the Bill seeks to insert a new section 11E in the Central Excise Act so as to create a first charge on the prop....
Clause 64	:	Amendment of section 12. Clause 64 of the Bill seeks to amend section 12 of the Central Excise Act so as to insert reference to section 3A with effec....
Clause 65	:	Insertion of new section 12F- Power of search and seizure Clause 65 of the Bill seeks to insert section 12F to the Central Excise Act so as to empower the Joint Commissioners or the ....
Clause 66	:	Insertion of new section 35R- Appeal not to be filed in certain cases. Clause 66 of the Bill seeks to insert a new section 35R in the Central Excise Act relating to filing of appeal by Central Ex....
Clause 67	:	Amendment of section 38. Clause 67 of the Bill seeks to amend sub-section (2) of section 38 of the Central Excise Act with a view to insert words the....
Clause 68	:	Amendment of rule 3 of CENVAT Credit Rules, 2004. Clause 68 of the Bill seeks to amend rule 3 of the CENVAT Credit Rules, 2004 in the manner specified in the Eighth Schedule ....
Clause 69	:	Amendment of notifications issued under section 5A of Central Excise Act. Clause 69 of the Bill seeks to amend notifications issued under sub-section (1) of section 5A of the Central Excise Act, 194....
Clause 70	:	Amendment of First Schedule and Third Schedule Clause 70 of the Bill seeks to amend the First Schedule and the Third Schedule to the Central Excise Tariff Act.Item (i) of ....