Notes-05 - Notes on clauses-Central Excise Tariff - Finance Bill, 2016

Excise Tariff Clause 143 seeks to amend the First Schedule to the Central Excise Tariff Act. Sub-clause (i) thereof seeks to amend the First Schedule in the manner specified in the Seventh Schedule so as to insert and amend certain entries therein. Sub-clause (ii) thereof seeks to amend the First Schedule in the manner specified in the Eighth Schedule so as to harmonise the First Schedule to the Central Excise Tariff Act with Harmonised System of Nomenclature with effect from the 1st day of January, 2017. Clause 144 of the Bill seeks to amend the Second Schedule to the Central Excise Tariff Act in the manner specified in the Ninth Schedule so as to harmonise it with the proposed amendments in the First Schedule to the Central Excise Tariff Act with effect from the 1st day of January, 2017.