Excise duty equivalence: excise levy aligned with additional customs duty following a finance bill amendment and provisional declaration. Substitution of the first tariff table entry mandates levy of excise duty on all goods equivalent to the additional duty of customs under sub-section (5) of section 3 of the Customs Tariff Act, as amended by the Finance Bill provision given provisional effect, read with the proviso to subsection (1) of section 3 of the Central Excise Act; additionally, the first condition in the Annexure is omitted.
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Excise duty equivalence: excise levy aligned with additional customs duty following a finance bill amendment and provisional declaration.
Substitution of the first tariff table entry mandates levy of excise duty on all goods equivalent to the additional duty of customs under sub-section (5) of section 3 of the Customs Tariff Act, as amended by the Finance Bill provision given provisional effect, read with the proviso to subsection (1) of section 3 of the Central Excise Act; additionally, the first condition in the Annexure is omitted.
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