Excise schedule amendment revises goods subject to additional duties, altering classification and levy application under tax law. The Finance Act, 1975 amends the First Schedule of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 by implementing the specific ... Summary
Excise schedule amendment revises goods subject to additional duties, altering classification and levy application under tax law.
The Finance Act, 1975 amends the First Schedule of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 by implementing the specific alterations set out in the Third Schedule, thereby revising listed goods and the application of additional excise duties through a schedule substitution mechanism.
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