Amendment in Sec.3A (3)

[Admin TMI]

Question - What are amendment proposed in Sec.3A (3) of Central Excise Act, 1944 in Finance Bill 2015 ?

[Admin TMI]

Sub section (3) of Section 3A, which empowers the Central Government to charge excise duty on the basis of capacity of production in respect of notified goods, is being amended so as to insert an Explanation to provide that factor relevant to production includes factors relevant to production, so as to enable the Central Government to specify more than one factor relevant to the production of such goods.

AI Summary

Capacity-based excise duty rules amended to allow specification of multiple production factors determining duty liability. The amendment inserts an Explanation to subsection (3) clarifying that factors relevant to production include multiple considerations, enabling the Central Government to specify more than one factor when charging excise duty on the basis of production capacity for notified goods.