Amendment of section 32-O
94. In the Central Excise Act, in section 32-O, in sub-section (1), in clause (i), the following Explanation shall be inserted, namely:—
“Explanation.— In this clause, the concealment of particulars of duty liability relates to any such concealment made from the Central Excise Officer.”.
Notes on Clauses:
Clause 94 of the Bill seeks to amend clause (i) of sub-section (1) of section 32-O of the Central Excise Act so as to insert an Explanation therein to clarify that the concealment of particulars of duty liability relates to any such concealment made from the Central Excise Officer, to avoid confusion as to whether the concealment is from Central Excise Officer or Settlement Commission and making the provision clear.
