Regulatory duties of excise

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Full Text of the Document

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....te, on all or any of the goods mentioned in the First Schedule to the Central Excises Act, a regulatory duty of excise which shall not exceed 15 per cent. of the value of the goods as determined in accordance with the provisions of section 4 of the Central Excises Act: Provided that different dates and different rates may be specified by the Central Government for different kinds of goods. (2) S....