Exemption threshold adjustment alters central excise notification proviso under section 5A, increasing the qualifying value. Amendment to the central excise tariff notification substitutes the monetary qualifier in the proviso to Notification No. 227/88-Central Excises, invoking powers under sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 to alter the financial threshold applicable to the specified exemption.
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Exemption threshold adjustment alters central excise notification proviso under section 5A, increasing the qualifying value.
Amendment to the central excise tariff notification substitutes the monetary qualifier in the proviso to Notification No. 227/88-Central Excises, invoking powers under sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 to alter the financial threshold applicable to the specified exemption.
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