Excise
Amendment of section 11A.
63. In the Central Excise Act, 1944[1 of 1944.] (hereinafter referred to as the Central Excise Act), in section 11A, in sub-section (2B), after Explanation 2, the following Explanation shall be inserted, namely:—
"Explanation 3.— For the removal of doubts, it is hereby declared that no penalty under any of the provisions of this Act or the rules made thereunder shall be imposed in respect of payment of duty under this sub-section and interest thereon.".
Notes on Clauses:
Clause 63 of the Bill seeks to amend sub-section (2B) of section 11A of the Central Excise Act so as to insert an Explanation therein to clarify that no penalty shall be imposed in respect of the voluntary payment of duty short-paid under that sub-section and interest thereon.
