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TMI Blog2018 (4) TMI 24X X X X Extracts X X X X X X X X Extracts X X X X ..... 2013 which they failed to deposit - Against the 50% amount, they have paid 7,07,259/-. Thus they have short paid 1,64,759/- which was subsequently paid on 8.1.2014 - Held that: - as per VCES scheme, the time limit for making payment of 50% of the total amount declared is 31.12.2013 and there is no provision for extension of time to the statutory limit provided in the scheme - the time limit provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the ground that there is a stipulated time period after 31st December 2013 for deposit of the 50% amount. The adjudicating authority decided the VCES by rejecting the same and held that the appellant is ineligible for the benefits under the VCES Scheme, 2005. It was also ordered to recover the amount declared along with interest under Section 87 of the Act as per Section 110 of the Act. The appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gs of the impugned order. He submits that as per VCES there is no provision for extension of time for making deposit of first 50% that is to be made on 31.12.2013. 4. I have carefully considered the submissions made by both the sides. I find that as per VCES scheme, the time limit for making payment of 50% of the total amount declared is 31.12.2013 and there is no provision for extension of time ..... X X X X Extracts X X X X X X X X Extracts X X X X
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