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2020 ] TAXATION & OTHER LAWS(RELAXATION OF CERTAIN PROVISIONS) ORD., 2020 B19

(i) making of investment, deposit, payment, acquisition,
purchase, construction or such other action, by whatever name
called, for the purposes of claiming any deduction, exemption or
allowance under the provisions contained in -
(I) sections 54 to 54GB or under any provisions of
Chapter VI-A under the heading “B. - Deductions in respect
of certain payments” thereof; or
(II) such other provisions of that Act, subject to ful-
fillment of such conditions, as the Central Government may,
by notification, specify; or
(ii) beginning of manufacture or production of articles or
things or providing any services referred to in section 10AA of that
Act, in a case where the letter of approval, required to be issued in
accordance with the provisions of the Special Economic Zones Act,
2005 (28 of 2005), has been issued on or before the 31st day of
March, 2020,
and where completion or compliance of such action has not been made within
such time, then, the time limit for completion or compliance of such action shall,
notwithstanding anything contained in the specified Act, stand extended to the
30th day of June, 2020, or such other date after the 30th day of June, 2020, as the
Central Government may, by notification, specify in this behalf :
Provided that the Central Government may specify different dates for
completion or compliance of different actions.
Provided further that such action shall not include payment of any
amount as is referred to in sub-section (2).
(2) Where any due date has been specified in, or prescribed or notified
under, the specified Act for payment of any amount towards tax or levy, by what-
ever name called, which falls during the period from the 20th day of March, 2020
to the 29th day of June, 2020 or such other date after the 29th day of June, 2020 as
the Central Government may, by notification, specify in this behalf, and such
amount has not been paid within such date, but has been paid on or before the
30th day of June, 2020, or such other date after the 30th day of June, 2020 as the
Central Government may, by notification, specify in this behalf, then, notwith-
standing anything contained in the specified Act, -
(a) the rate of interest payable, if any, in respect of such amount for
the period of delay shall not exceed three-fourth per cent. for every month
or part thereof;
(b) no penalty shall be levied and no prosecution shall be sanc-
tioned in respect of such amount for the period of delay.
Explanation. - For the purposes of this sub-section, “the period of delay”
means the period between the due date and the date on which the amount has
been paid.

EXCISE LAW TIMES  15th April 2020  103