Amendment of Third Schedule
142. In the Central Excise Act, the Third Schedule shall be amended––
(i) in the manner specified in the Fifth Schedule;
(ii) in the manner specified in the Sixth Schedule, with effect from the 1st day of January, 2017.
Notes on Clauses:
Clause 142 of the Bill seeks to amend the Third Schedule to the Central Excise Act.
Sub-clause (i) thereof seeks to amend the Third Schedule in the manner specified in the Fifth Schedule so as to insert and amend certain entries therein and to revise the rate of duty on certain items.
Sub-clause (ii) thereof seeks to amend the Third Schedule in the manner specified in the Sixth Schedule so as to harmonise the entries therein, with the Harmonised System of Nomenclature with effect from the 1st day of January, 2017.
