Section 1

[Explanation 3 . — For the removal of doubts, it is hereby declared that the proceedings in respect of any case of non-levy, short-levy, non-payment, short-payment or erroneous refund where show cause notice has been issued under sub -section (1) or sub-section (4), as the case may be, but an order determining duty under sub -section (8) has not been passed before the date on which the Finance Bill, 2015 receives the assent of the President, shall, without prejudice to the provisions of sections 135, 135A and 140, as may be applicable, be deemed to be concluded, if the payment of duty, interest and penalty under the proviso to sub -section (2) or under sub-section (5), as the case may be, is made in full within thirty days from the date on which such assent is received.]

Back to Act Act Subordinates

1 [Explanation 3 . — For the removal of doubts, it is hereby declared that the proceedings in respect of any case of non-levy, short-levy, non-payment, short-payment or erroneous refund where show cause notice has been issued under sub -section (1) or sub-section (4), as the case may be, but an order determining duty under sub -section (8) has not been passed before the date on which the Finance Bill, 2015 receives the assent of the President, shall, without prejudice to the provisions of sections 135, 135A and 140, as may be applicable, be deemed to be concluded, if the payment of duty, interest and penalty under the proviso to sub -section (2) or under sub-section (5), as the case may be, is made in full within thirty days from the date on which such assent is received.]