Retrospective amendment of excise schedule updates fuel tariff entries and levy structure, correcting prior drafting errors. Amendment of the Fourth Schedule to the Central Excise Act substitutes the Chapter 27 entries effective 1 January 2020: replacing the column (2) description for tariff item 2710 12 49 with an entry specifying M15 fuel conforming to IS 17076, and substituting the column (4) excise entries for tariff items 2710 20 10 and 2710 20 20 with the prescribed excise entries, all deemed to have been substituted retrospectively to correct drafting errors.
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Retrospective amendment of excise schedule updates fuel tariff entries and levy structure, correcting prior drafting errors.
Amendment of the Fourth Schedule to the Central Excise Act substitutes the Chapter 27 entries effective 1 January 2020: replacing the column (2) description for tariff item 2710 12 49 with an entry specifying M15 fuel conforming to IS 17076, and substituting the column (4) excise entries for tariff items 2710 20 10 and 2710 20 20 with the prescribed excise entries, all deemed to have been substituted retrospectively to correct drafting errors.
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