Excise duty increase for textiles alters the statutory rate under the Additional Duties of Excise Act. Section 3(1) of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 is amended to substitute the existing fifteen per cent rate with ... Summary
Excise duty increase for textiles alters the statutory rate under the Additional Duties of Excise Act.
Section 3(1) of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 is amended to substitute the existing fifteen per cent rate with a higher rate by textual substitution in the statutory provision, thereby altering the statutory excise duty applicable to textiles.
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