9911796707
TMI BlogCentral Excise Rules - Amendment to Fourth Amendment of 1998X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following rules further to amend the Central Excise (Fourth Amendment) Rules, 1998, namely :- 1. (1) These rules may be called the Central Excise [Fourth Amendment (Amendment)] Rules, 1998. (2) They shall come into force on the first day of May, 1998. 2. In the Central E ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t : Provided that if the manufacturer fails to pay the total amount of duty payable under clause (a) by the 30th day of April, 1998, he shall also be liable to pay a penalty equal to the outstanding amount of duty as on 30th day of April, 1998 or five thousand rupees, whichever is greater." '; (ii) in rule 2(i)(C), the following proviso shall be added at the end, namely :- "Provided that if ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty (that is the amount of duty which has not been paid by the 31st day of March, 1998) alongwith interest at the rate of eighteen per cent per annum on such outstanding amount calculated for the period from the 1st day of April, 1998 till the date of actual payment of the outstanding amount : Provided that if the manufacturer fails to pay the total amount of duty payable under clause (a) by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nding from him at the end of such month or five thousand rupees, whichever is greater : Provided further that if the manufacturer fails to pay the total amount of the duty payable for each of the months from September, 1997 to March, 1998 by the 30th day of April, 1998, he shall also be liable to pay a penalty equal to the outstanding amount of duty as on the 30th day of April, 1998 or five thou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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