Section 159 - Amendment of Act 14 of 2001. - Finance (No. 2) Act, 2024

PART II AMENDMENT TO THE FINANCE ACT, 2001 Amendment of Act 14 of 2001. 159. In section 136 of the Finance Act, 2001, for sub-section (3), the following sub-section shall be substituted, namely: (3) The provisions of the Central Excise Act, 1944 (1 of 1944.) and all rules and regulations made thereunder, including but not limited to those relating to the date for determination of rate of duty, assessment, non-levy, short-levy, refunds, exemptions, interest, recovery, appeals, offences and penalties shall, as far as may be, apply in relation to the levy and collection of the National Calamity duty leviable under this section in respect of the goods specified in the Seventh Schedule as they apply in relation to the levy and collection of duties of excise on such goods under that Act or all rules or regulations made thereunder, as the case may be. ;