Uncool Ltd. is liable to pay the following amounts under the Central Excise Act, 1944: ₹ (i) Central Excise duty 24,00,000 (ii) Interest 1,50,000 Further, Uncool Ltd. is also liable to pay the amounts under the following
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2014
Uncool Ltd. is liable to pay the following amounts under the Central Excise Act, 1944: ₹ (i) Central Excise duty 24,00,000 (ii) Interest 1,50,000 Further, Uncool Ltd. is also liable to pay the amounts under the following statutes: ₹ (a) The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 4,50,000 (b) The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 3,00,000 (c) The Factories Act, 1948 4,50,000 (d) The Customs Act, 1962 9,00,000 Uncool Ltd. has a property with a realisable value of ₹30 lakh. State the legal remedy under section 11E of the Central Excise Act, 1944 available to Central Excise Department for recovery of the dues of ₹25,50,000.
Topics: Central Excise
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