Central Excise (Third Amendment ) Rules, 2014

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..... cise (N.T.) New Delhi, the 11th July, 2014 G.S.R. 454(E). In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) , the Central Government hereby makes the following rules further to amend the Central Excise Rules, 2002 , namely:- 1. (1) These rules may be called the Central Excise (Third Amendment ) Rules, 2014. (2) Save as otherwis .....

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..... assessee fails to pay the duty declared as payable by him in the return within a period of one month from the due date, then the assessee is liable to pay the penalty at the rate of one per cent. on such amount of the duty not paid, for each month or part thereof calculated from the due date, for the period during which such failure continues . Explanation.- For the purposes of this sub-rule, .....

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