Section 123 - Amendment of section 5A - Finance Act, 1999

123. Amendment of section 5A In section 5A of the Central Excise Act, for sub-section (2), the following subsection shall be substituted, namely:- (2) If the Central Government is satisfied that it is necessary in the public interest so to do, it may, by special order in each case, exempt from payment of duty, for reasons to be stated in such order, any excisable goods of strategic or secret nature, or for charitable purpose, on which duty is leviable. .