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of <h1>Finance Act 1976: 20% Auxiliary Excise Duty on Goods Until June 1977, Subject to Central Excises Act Provisions</h1> Section 36 of the Finance Act, 1976, mandates an auxiliary duty of excise at 20% of the value of goods listed in the First Schedule to the Central Excises Act. This duty is in addition to other excise duties and applies to goods as per section 4 of the Central Excises Act. The provision was effective until June 30, 1977, with the General Clauses Act, 1897, applying post-cessation. The auxiliary duties collected in the financial year 1975-76 were for Union purposes only. The Central Excises Act's provisions, including those on refunds and exemptions, apply to these auxiliary duties.
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