Order on Excise (Special Provisions) Act, No.13 of 1989 (dated 31/12/2023) – Ministry of Finance, Economic Stabilization and National Policies
View Pdf– Order on Excise (Special Provisions) Act, No.13 of 1989 (dated 31/12/2023) – Ministry of Finance, Economic Stabilization and National Policies.
- The Ministry of Finance, Economic Stabilization and National Policies vide an order declaring that (i) Excise duty on every article specified in column III (description), at the rate specified in Column IV (excise duty) of Schedule I (ii) Concessionary Excise duty on excisable articles specified in column II should be paid at the rate specified in Column III of Schedule II (iii) And wherever two rates are specified in Column IV of Schedule I and Column II of Schedule II hereto, the applicable rate for Excise duty payable will be the one which yields the higher amount payable as excise duty. The orders under section 3 of the above said act published in extraordinary gazette notifications no.2312/68 of 31.12.2022, No.2334/23 of 31.05.2023, No.2336/69 of 16.06.2023 and no.2338/58 of 30.06.2023 are hereby rescinded. And this order shall come into effect from 1st January, 2024. Please refer the order for more details.
