Levy of penalty under section 114A of Customs Act, 1962 – Clarification- regarding

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..... t, 1962 – Clarification- regarding. It has been reported that a number of show cause notices were issued proposing the demand of not only duty, but also interest payable in terms of provisions of para 128 of the Hand Book of Procedures (1 st April, 1993 – 31 st March, 1997). While the Show Cause Notices have quantified/specified the amount of duty, the interest to be demanded .....

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..... Ministry of Law. The Ministry of Law, has stated that Maxwell’s Interpretation of Statutes (p-229) while dealing with conjunctions "or" and "and" provides that - "To carry out the intention of the legislature, it is occasionally found necessary to read conjunctions "or" and "and" one for the other." The Hon’ble Supreme Court in a case reported AIR 1957 SC p.699 State of Bombay vs. R .....

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..... arification may kindly be kept in mind while imposing the penalty under section 114A of the Customs Act, 1962. 4. The contents of the Circular may be brought to the notice of all concerned by way of issuing suitable Standing Orders. Kindly acknowledge receipt of the Circular. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxman .....

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