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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2017 Chapters List Notes Notes Notes on clauses This

Notes-05 - Notes on clauses-Central Excise Tariff - FINANCE BILL, 2017

FINANCE BILL, 2017
Notes Notes
Notes on clauses
  • Contents

Central Excise Tariff

Clause 118 of the Bill seeks to amend the First Schedule to the Central Excise Tariff Act in the manner specified in the Fifth Schedule so as to revise the tariff rates in respect of certain tariff items.

Clause 119 of the Bill seeks to amend the First Schedule to the Central Excise Tariff Act so as to substitute excise duty on motor vehicles falling under tariff items 8702 90 21, 8702 90 22, 8702 90 28 and 8702 90 29 retrospectively with effect from the 1st day of January, 2017.

 
 
 
 

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