Effective rate of excise duty on colour T.V. sets of value more than Rs. 5,000 per set and withdrawal of exemption on switches, plugs and sockets manufactured with the aid of hand-operated machines -Amendment to Notification No. 68/86-C.E. - 122/88 - Central Excise - Tariff
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Excise duty increase on colour television sets raises per-set levy and withdraws exemption for hand-operated switches and sockets. Amendment substitutes the earlier per-set excise levy for colour television sets with a higher per-set amount, increasing the effective duty on such sets; it also omits the table entry that exempted switches, plugs and sockets manufactured with hand-operated machines, thereby withdrawing that exemption.
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Excise duty increase on colour television sets raises per-set levy and withdraws exemption for hand-operated switches and sockets.
Amendment substitutes the earlier per-set excise levy for colour television sets with a higher per-set amount, increasing the effective duty on such sets; it also omits the table entry that exempted switches, plugs and sockets manufactured with hand-operated machines, thereby withdrawing that exemption.
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