Excise duty exclusion for SEZ-manufactured medicinal and toilet preparations alters tariff entries for chapter twenty four. Clause 84 amends section 3 of the Medicinal and Toilet Preparations (Excise Duties) Act, 1955 to exclude goods produced or manufactured in Special Economic Zones from excise duty under that Act. Clauses 85 and 86 amend the Seventh Schedule to the Finance Acts by revising specified tariff entries for goods under Chapter 24, respectively updating the Finance Act, 2001 and the Finance Act, 2005 schedules to reflect those tariff item changes.
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Excise duty exclusion for SEZ-manufactured medicinal and toilet preparations alters tariff entries for chapter twenty four.
Clause 84 amends section 3 of the Medicinal and Toilet Preparations (Excise Duties) Act, 1955 to exclude goods produced or manufactured in Special Economic Zones from excise duty under that Act. Clauses 85 and 86 amend the Seventh Schedule to the Finance Acts by revising specified tariff entries for goods under Chapter 24, respectively updating the Finance Act, 2001 and the Finance Act, 2005 schedules to reflect those tariff item changes.
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