Additional duty on petrol amended to increase the rate via substitution in the Second Schedule. Clause 163 of the Finance Bill, 2015 amends the Second Schedule to the Finance (No.2) Act, 1998 by substituting the entry in column (3) that sets the ... Summary
Additional duty on petrol amended to increase the rate via substitution in the Second Schedule.
Clause 163 of the Finance Bill, 2015 amends the Second Schedule to the Finance (No.2) Act, 1998 by substituting the entry in column (3) that sets the additional duty on motor spirit (petrol), thereby increasing the additional duty of customs and additional duty of excise applicable to petrol through textual substitution in the Second Schedule.
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