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of <h1>New Amendments to Central Excise Act: Sections 3B and 3C Introduce Emergency Powers and Public Interest Changes</h1> Clause 8 of the Taxation Laws (Amendment) Bill, 2017 proposes adding sections 3B and 3C to the Central Excise Act. Section 3B grants the Central Government emergency powers to increase excise duties on goods by amending the Fourth Schedule, with specific limits on the rate increase. Such notifications must be approved by Parliament. Section 3C allows the government to amend the Fourth Schedule for public interest without altering the specified duty rates. These provisions align with existing powers under the Central Excise Tariff Act, 1985.
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