Special Excise Duty Imposed by Finance Act 1978 at 5% Rate, Applies Until March 31, 1979, With Full Validity.

Section 37 of the Finance Act, 1978, mandates a special duty of excise on goods already subject to excise duty under the Central Excises Act, with the rate set at five percent of the existing duty. This special duty is additional to any other excise duties applicable. The provision was effective until March 31, 1979, but actions taken before this date remain valid. The Central Excises Act's provisions, including those on refunds and exemptions, apply to this special duty as they do to regular excise duties.

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