TMI BlogAmendment of Finance (No. 2) Act, 2004 (Act 23 of 2004)X X X X Extracts X X X X X X X X Extracts X X X X ..... wing procedure shall be followed for the recovery of the CENVAT credit of additional duty leviable under section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957(58 of 1957) which has been availed but which would not have been availed if the amendment made by sub-section (1) was in force at all material times (hereinafter referred to in this section as the amount of cre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (iv) the Central Excise Officer shall separately determine the amount of interest on the amount of credit (hereinafter referred to as the amount of interest) utilised for paying the CENVAT duty, in accordance with the provisions of clause (v); (v) the amount of interest on amount of credit utilised for paying the CENVAT duty shall be at a rate of thirteen per cent. per annum for the period be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aid up to a particular month; (ix) where the assessee pays the total amount of credit and the amount of interest so determined under clauses (iii) and (iv), respectively, the Central Excise Officer shall issue an order confirming the payment of credit and the amount of interest and discharging the assessee from any recovery of the amount of credit; (x) for the purposes of this sub-section, i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om the date of his such failure. ; (b) in section 94, in sub-section (1), clause (a) shall be re-lettered as clause (aa) thereof, and before clause (aa) as so re-lettered, the following clause shall be inserted, namely: (a) the additional duty referred to in sub-section (5) of section 3 of the Customs Tariff Act, 1975(51 of 1975); . (c) In section 98, in the Table, with effect from the 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... figures and words 0.2 per cent. shall be substituted. Declaration under the Provisional Collection of Taxes Act, 1931 It is hereby declared that it is expedient in the public interest that the provisions of clauses 72, 74, 85, 86, 119, 120 and 123(d) of this Act shall have immediate effect under the Provisional Collection of Taxes Act, 1931(16 of 1931). - - statute, statutory provisio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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