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of <h1>Central Government Reduces Excise Duty to 70% on Selected Goods Under Section 5A of Central Excises and Salt Act</h1> The Central Government, under the authority of section 5A of the Central Excises and Salt Act, 1944, has issued Notification No. 15/93-C.E. dated February 28, 1993. This notification exempts certain goods classified under sub-headings 3304.00, 3305.90, 3307.10, 3307.20, 3307.30, and 3307.90 of the Central Excise Tariff Act, 1985, from the full excise duty specified in the Schedule. Instead, these goods will be subject to a reduced excise duty rate of 70% ad valorem, as a measure deemed necessary in the public interest.
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