Excise
Amendment of section 9
78. In the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the Central Excise Act), in section 9, in sub-section (1), in clause (i), for the words "thirty lakh”, the words "fifty lakh” shall be substituted.
Notes on Clauses:
Clause 78 of the Bill seeks to amend section 9 of the Central Excise Act so as to increase the threshold limit of evasion, for punishment with imprisonment upto seven years and with fine, from “thirty lakh rupees” to “fifty lakh rupees”.
