Auxiliary duty of excise imposed on scheduled goods as an additional levy; valuation rules and transitional limitation apply. Auxiliary duty of excise is levied on goods in the First Schedule as an additional charge calculated on value determined under the Central Excises Act; it is in addition to existing excise duties, subject to a statutory temporal cesser with savings for prior acts, and the Central Excises Act provisions, including refunds and exemptions, apply as far as practicable to its levy and collection, with proceeds for the specified financial year allocated to the Union and not distributable to the States.
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Auxiliary duty of excise imposed on scheduled goods as an additional levy; valuation rules and transitional limitation apply.
Auxiliary duty of excise is levied on goods in the First Schedule as an additional charge calculated on value determined under the Central Excises Act; it is in addition to existing excise duties, subject to a statutory temporal cesser with savings for prior acts, and the Central Excises Act provisions, including refunds and exemptions, apply as far as practicable to its levy and collection, with proceeds for the specified financial year allocated to the Union and not distributable to the States.
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