Bare ActsThe Medicinal and Toilet preparations(Excise Duties) Act & Rules ,1955

Section 35

Deficiency noticed in the finished store

Amendment status not verified — confirm the current text below against the official source.

Deficiency noticed in the finished store.-(1) A record shall be kept of all deCciencies in bulk content of any finished medicinal or toilet prepara- tion in store by the officer-in-charge in Form R. G.-4. and a report of all such deficiencies, shall he submitted by him at the end of each quarter to the Excise Commissioner. (2) All such loss in the absence of a satisfactory explanation from the licensee shall be subject to levy of duty on the quantity so lost at penal rates which shall not be more than double the rates prescribed. (3) 11' the Excise Commissioner Is satisfied that the deficiency reported under suh-rule (1) was due to natural or unavoidable causes, and if he is satisfied that the alcoholic preparation has not gone into consumption, he may remit the duty.

Section 35 – The Medicinal and Toilet preparations(Excise Duties) Act & Rules ,1955 | DailyLaw.ai