Customs - Rate of Interest - CBEC Rescinds Wrong Notification-Error Rectified
IN yesterday's DDT, I wrote about the Board rescinding a wrong notification:
What the Board wanted to rescind was obviously Notification No. , dated 01.03.2003. That is instead of rescinding a Non Tariff Notification, they rescinded a Tariff Notification. They just forgot to put NT in that notification, but this small slip is a major blunder.
I am sure they will silently add that NT in the Notification and replace the notification in their website making all those who downloaded the notification earlier from their website look silly, foolish and wrong. But that is how the Board usually corrects its unpardonable blunders. Rarely do they allow assessees to correct their mistakes.
This is exactly what the Board did. They corrected the notification by adding NT, without telling anyone. All those who downloaded the notification earlier have the wrong notification. The Board could have issued a proper correction by another notification. That would have been fair.
Notification No.., Dated: July 08, 2016