Minimum excise rate lowered, reducing the statutory floor for applicable central excise duty under amended law. The amendment substitutes the prior wording setting the statutory minimum excise rate threshold with a lower threshold in section 11BB, thereby altering the baseline duty parameter that governs excise applicability. It effects a direct textual replacement of the existing phrase with the new phrase establishing the reduced minimum rate, without adding new procedural conditions or exemptions.
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Minimum excise rate lowered, reducing the statutory floor for applicable central excise duty under amended law.
The amendment substitutes the prior wording setting the statutory minimum excise rate threshold with a lower threshold in section 11BB, thereby altering the baseline duty parameter that governs excise applicability. It effects a direct textual replacement of the existing phrase with the new phrase establishing the reduced minimum rate, without adding new procedural conditions or exemptions.
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