TMI BlogInsertion of new sections 3B and 3C.X X X X Extracts X X X X X X X X Extracts X X X X ..... t is satisfied that the duty leviable thereon under section 3 should be increased and that circumstances exist which render it necessary to take immediate action, the Central Government may, by notification in the Official Gazette, amend the Fourth Schedule to substitute the rate of duty specified therein in respect of such goods in the following manner, namely:- (a) in a case where the rate of du ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... section, the term form or method , in relation to a rate of duty of excise, means the basis, including valuation, weight, number, length, area, volume or any other measure, on which the duty may be levied. (2) Every notification under sub-section (1) shall be laid before each House of Parliament, if it is in session, as soon as may be after the issue of the notification, and, if it is not in sessi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Gazette. Power of Central Government to amend Fourth Schedule 3C. (1) Where the Central Government is satisfied that it is necessary so to do in the public interest, it may, by notification in the Official Gazette, amend the Fourth Schedule: Provided that such amendment shall not alter or affect in any manner the rates specified in the Fourth Schedule at which the duties of excise shall be leviab ..... X X X X Extracts X X X X X X X X Extracts X X X X
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