TMI BlogPower of Central Government to make rulesX X X X Extracts X X X X X X X X Extracts X X X X ..... scount is to be so excluded;] (ib) provide for the assessment and collection of duties of excise, the authorities by whom functions under this Act are to be discharged, the issue of notices requiring payment, the manner in which the duties shall be payable, and the recovery of duty not paid; (ibb) provide for charging or payment of interest on the differential amount of duty which becomes payable or refundable upon finalisation of all or any class of provisional assessments; (ic) provide for the remission of duty of excise leviable on any excisable goods, which due to any natural cause are found to be deficient in quantity, the limit or limits of percentage beyond which no such remission shall be allowed and the d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f officers of the Government to supervise the carrying out of any rules made under this Act; (vii) require a manufacturer or the licensee of a warehouse to provide accommodation within the precincts of his factory or warehouse for officers employed to supervise the carrying out of regulations made under this Act and prescribe the scale of such accommodation; (viii) provide for the appointment, licensing, management and supervision of bonded warehouses and the procedure to be followed in entering goods into and clearing goods from such warehouses; (ix) provide for the distinguishing of goods which have been manufactured after registration, of materials which have been.imported under licence, and of goods on which d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Licence to manufacture sulphate of soda (Kharinun) by solar heat in evaporating pans ... ... 10 Licence to manufacture sulphate of soda (Kharinun) by artifical heat ... 2 Licence to manufacture other saline substances ... 2 (xiii) provide for the detention of goods, plant, machinery or material, for the purpose of exacting the duty, the procedure in connection with the confiscation, otherwise than under section 10 or section 28, of goods in respect of which breaches of the Act or rules have been committed and the disposal of goods so detained or confiscated; 3 [(xiiia) provide for withdrawal of facilities or impo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le goods; (xvic) provide for charging and payment of interest as the case may be, on credit of duty paid or deemed to have been paid on the goods used in, or in relation to the manufacture of excisable goods where such credit is varied subsequently; (xvii) exempt any goods from the whole or any part of the duty imposed by this Act; (xviia) provide incentives for increased production or manufacture of any goods by way of remission of, or any concession with respect to, duty payable under this Act; (xviii) define an area no point in which shall be more than one hundred yards from the nearest point of any place in which salt is stored or sold by or on behalf of the Central Government, or of any factory in wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntained; (xxvii) specify the persons who shall get themselves registered under section 6 and the manner of their registration. (xxviii) provide for the lapsing of credit of duty lying unutilised with the manufacturer of specified excisable goods on an appointed date and also for not allowing such credit to be utilised for payment of any kind of duty on any excisable goods on and from such date. (2A) The power to make rules conferred by clause (xvi) of sub-section (2) shall include the power to give retrospective effect to rebate of duties on inputs used in the export goods from a date not earlier than the changes in the rates of duty on such inputs. (3) In making rules under this section, the Central Government may p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act or the rules made thereunder, a penalty not exceeding the duty leviable on such goods or 4 [five thousand rupees], whichever is greater. *********************** Notes : 1. For the words ten thousand rupees , the words two thousand rupees has been substituted by Finance Act 2007 with effect from 11/5/2007 2. Substituted vide Finance (No. 2) Act, 2009, before it was read as, ''for compounding'' 3. In sub-section (2), after clause (xiii), clause (xiiia) has been inserted vide Finance Act, 2010 w.e.f. 08-05-2010 4. Substituted vide THE FINANCE ACT, 2015 w.e.f. 14th May 2015, before it was read as, 1 [two thousand rupees] - - statute, statutory provisions legislation, law, enactment, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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