Third Schedule substitution removes central excise entries for goods now liable to GST, altering the excise coverage. Clause 11 substitutes a new Third Schedule to the Central Excise Act, 1944 by replacing the existing Schedule with that specified in the Bill's First Schedule, omitting entries for goods that are chargeable to Goods and Services Tax and thereby removing those goods from the Central Excise Schedule.
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Third Schedule substitution removes central excise entries for goods now liable to GST, altering the excise coverage.
Clause 11 substitutes a new Third Schedule to the Central Excise Act, 1944 by replacing the existing Schedule with that specified in the Bill's First Schedule, omitting entries for goods that are chargeable to Goods and Services Tax and thereby removing those goods from the Central Excise Schedule.
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