Excise duty rate set as higher of ad valorem or per litre alcohol charge under amended schedule. The amendment substitutes the third column entry for Item No. 4 in the Schedule to the Medicinal and Toilet Preparations (Excise Duties) Act, 1955, so ... Summary
Excise duty rate set as higher of ad valorem or per litre alcohol charge under amended schedule.
The amendment substitutes the third column entry for Item No. 4 in the Schedule to the Medicinal and Toilet Preparations (Excise Duties) Act, 1955, so that the excise duty is the higher of a one hundred per cent ad valorem rate or a specified rupee amount per litre of pure alcohol content.
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