Clause 163 - Amendment of Second Schedule - FINANCE BILL, 2015

PART IV

AMENDMENT TO THE FINANCE (No.2) ACT, 1998

Amendment of Second Schedule

163. In the Finance (No.2) Act, 1998 (21 of 1988), in the Second Schedule, for the entry in column (3), the entry “Rupees eight per litre” shall be substituted.

 

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Notes on Clauses:

Clause 163 seeks to amend the Second Schedule to the Finance (No. 2) Act, 1998, so as to increase the rates of additional duty of customs and additional duty of excise on motor spirit commonly known as petrol from rupees two per litre to rupees eight per litre.