Regulatory excise duty imposed on listed goods as additional levy; proceeds retained by Union and Central Excises rules apply. Section 62 imposes a regulatory duty of excise on goods in the First Schedule, at fifteen per cent. of value as determined under section 4, to be levied from dates notified by the Central Government; the duty is additional to existing excise duties and its proceeds are retained by the Union. Central Excises Act provisions, including refunds and exemptions, apply to this levy where applicable, and notifications issued under the provision must be placed before each House of Parliament.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Regulatory excise duty imposed on listed goods as additional levy; proceeds retained by Union and Central Excises rules apply.
Section 62 imposes a regulatory duty of excise on goods in the First Schedule, at fifteen per cent. of value as determined under section 4, to be levied from dates notified by the Central Government; the duty is additional to existing excise duties and its proceeds are retained by the Union. Central Excises Act provisions, including refunds and exemptions, apply to this levy where applicable, and notifications issued under the provision must be placed before each House of Parliament.
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