Change in section 15A Central Excise Act 1944

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..... Change in section 15A Central Excise Act 1944
Query (Issue) Started By: - Salil Patel Dated:- 25-7-2014 Last Reply Date:- 26-7-2014 Central Excise
Got 3 Replies
Central Excise
According to the recent change in section 15A which empower Excise officer to demand any information from any assessee or authority prescribe therein. My view is that under this amendment, an excise officer can .....

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..... demand information only for rectification of any returns filed by us and not for any other information he may seeks for other purpose. If so then penalty clause will also not applicable Reply By Pradeep Khatri: The Reply: Dear Salil, Section 15A is being inserted so as to empower the Central Government to prescribe an authority or agency to whom the information return shall be filed by the spe .....

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..... cified persons such as Income Tax Authorities, State Electricity Boards, VAT or Sales Tax Authorities, Registrar of Companies. Information can be collected for the purposes of the Act, such as, to identify tax evaders or recover confirmed dues. It is also proposed to insert a new section 15B which provides for imposition of penalty if the information return is not submitted. Regards, Team YAGAY .....

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..... and SUN (Management and Indirect Tax Consultants) Reply By Salil Patel: The Reply: Dear Khatri, Is this amendment mean that an excise officer can demand any data from assessee and if he is fail he can impose penalty under section 15B Reply By Pradeep Khatri: The Reply: Dear Salil, Yes,It is so. Regards Team YAGAY and SUN (Management and Indirect Tax Consultants)
Discussion Forum - K .....

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..... nowledge Sharing .....

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