https://www.taxtmi.com/acts?id=24156 The Bill empowers the Central Government to amend the Fourth Schedule by notification to increase excise duty where immediate action is necessary, allowing substitution of rates (including non zero rates where previously nil and up to twice the prevailing rate otherwise), subject to mandatory laying before Parliament, parliamentary approval or modification within a short period, and permitting subsequent rescission; a separate public interest amendment power permits notifications to amend the Fourth Schedule provided existing leviable rates are not affected. en-us Sat, 01 Apr 2017 17:49:55 +0530 Sat, 01 Apr 2017 18:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24156 The Bill empowers the Central Government to amend the Fourth Schedule by notification to increase excise duty where immediate action is necessary, allowing substitution of rates (including non zero rates where previously nil and up to twice the prevailing rate otherwise), subject to mandatory laying before Parliament, parliamentary approval or modification within a short period, and permitting subsequent rescission; a separate public interest amendment power permits notifications to amend the Fourth Schedule provided existing leviable rates are not affected. Act-Rules Bills Sat, 01 Apr 2017 17:49:55 +0530 https://www.taxtmi.com/acts?id=24156