Clause 107 - Amendment of section 32F. - Finance Bill, 2025

Amendment of section 32F. 107. In section 32F of the Central Excise Act, after sub-section (10), the following sub-sections shall be inserted, namely: (11) On and from the 1st day of April, 2025, (a) the provisions of sub-sections (2), (3), (4), (5), (5A), (6), (7), and (8) shall apply to pending applications with the modification that for the words Settlement Commission , wherever they occur, the words Interim Board shall be substituted; (b) in sub-section (3), for the words seven days from the date of order , the words seven days from the date of receipt of the order shall be substituted; (c) in sub-section (7), for the word Bench , the words Interim Board shall be substituted; (d) the provisions of sub-section (10) shall have effect as if for the words Settlement Commission , the words Settlement Commission or Interim Board had been substituted. (12) Notwithstanding anything contained in this section, the Interim Board may, within three months from the date of its constitution under section 31A, for the reasons to be recorded in writing, extend the time limit referred to in sub-section (6), by such further period not exceeding twelve months from the date of such constitution. .