Retrospective amendment in Chapter 27 of the Fourth Schedule to the Central Excise Act, 1944

No.

Amendment

Clause of the Finance Bill, 2021

1.

(i) It is proposed to specify correct IS “17076” against the tariff item 27101249 and made effective from 01.01.2020, retrospectively.

[97 (i)]

2.

(ii) It is proposed that tariff rate of 14%+ ₹ 15.00 per litre against tariff item 2710 20 10 and 2710 20 20 may be prescribed and made effective from 01.01.2020, retrospectively.

[97 (ii) and 97 (iii)]