Amendment to Seventh Schedule aligns National Calamity Contingency Duty entries with the Central Excise Tariff schedule for consistency. The Bill amends the Seventh Schedule to the Finance Act, 2001 in two respects: the Twelfth Schedule aligns entries relating to National Calamity Contingency Duty with the First Schedule to the Central Excise Tariff Act, 1985; the Thirteenth Schedule harmonises the Seventh Schedule with proposed amendments to that same First Schedule, with the harmonising amendment effective from the commencement date provided.
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Amendment to Seventh Schedule aligns National Calamity Contingency Duty entries with the Central Excise Tariff schedule for consistency.
The Bill amends the Seventh Schedule to the Finance Act, 2001 in two respects: the Twelfth Schedule aligns entries relating to National Calamity Contingency Duty with the First Schedule to the Central Excise Tariff Act, 1985; the Thirteenth Schedule harmonises the Seventh Schedule with proposed amendments to that same First Schedule, with the harmonising amendment effective from the commencement date provided.
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