Section 54 - Amendment of Act 12 of 1953 - Finance Act, 1986

54. Amendment of Act 12 of 1953 In the Khadi and other Handloom Industries Development (Additional Excise Duty on Cloth) Act, 1953,- (i) in section 2, for clause (5), the following clause shall be substituted, namely:- '(6) cloth means textile fabrics falling under heading Nos. 50.03, 51.06, 51.07, 51.08, 52.05, 52.06, 52.07, 52.08, 52.09, 52.10, 52.11, 52.12, 54.08, 54.09, 51.10, 54.11, 54.12, 55.07, 55.08, 55.09, 55.10, 55.11, 55.12, 58.02, 58.04 and 60.01 of the Schedule to the Central Excise Tariff Act, 1985(5 of 1986);'; (ii) in section 3, in sub-section (1), for the figures and words 1.9 naye paise per square metre , the figures and words 2.5 paise per square metre shall be substituted.