Excise duty substitution on specified motor vehicle tariff items revises duty and applies retrospectively under the Central Excise Tariff. Amendments to the First Schedule of the Central Excise Tariff Act revise tariff rates for certain items and substitute excise duty on specified motor ... Summary
Excise duty substitution on specified motor vehicle tariff items revises duty and applies retrospectively under the Central Excise Tariff.
Amendments to the First Schedule of the Central Excise Tariff Act revise tariff rates for certain items and substitute excise duty on specified motor vehicle tariff items, with the substitution applied retrospectively as provided in the Bill, thereby altering excise incidence for those vehicles.
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