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<h1>Section 81 of Finance Act 1965: Excise Duty on Goods, Max 15% Rate, Valid Until May 15, 1966</h1> Section 81 of the Finance Act, 1965, mandates a regulatory excise duty on certain goods to promote economic consumption. The Central Government specifies the applicable date and rate, not exceeding 15% of the goods' value, with potential variations for different goods. This provision was effective until May 15, 1966, with its effects preserved for actions taken before this date. The excise duties are additional to existing duties under the Central Excises Act and are for Union purposes only. The Central Excises Act's provisions apply to the levy and collection of these duties, and notifications must be presented to Parliament.