Change in section 15A Central Excise Act 1944, Central Excise

[Salil Patel]

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 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

Posts / Replies

[Pradeep Khatri]

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 specified 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 and SUN

(Management and Indirect Tax Consultants)

[Salil Patel]

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

[Pradeep Khatri]

Dear Salil,

Yes,It is so.

Regards

Team YAGAY and SUN

(Management and Indirect Tax Consultants)