Excise duty adjustment now recognises reductions and includes additional customs duty already paid under the amended provision. The amendment substitutes words in the explanation to sub section (4) of section 4 to include reduction of duty of excise under such Act and to expressly ... Summary
Excise duty adjustment now recognises reductions and includes additional customs duty already paid under the amended provision.
The amendment substitutes words in the explanation to sub section (4) of section 4 to include reduction of duty of excise under such Act and to expressly recognise any additional duty under section 3 of the Customs Tariff Act, 1975 already paid when determining reductions or credits of excise duty.
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