Insertion of new sections 3B and 3C.
Clause 8
Bill
CENTRAL EXCISE
Taxation Laws (Amendment) Bill, 2017
Insertion of new sections 3B and 3C.
8. In the Central Excise Act, after section 3A, the following sections shall be inserted, namely:-
Emergency power of Central Government to increase duty of excise.
''3B. (1) Where, in respect of any goods, the Central Government is satisfied that the duty leviable thereon under section 3 should be increased and that circumstances exist which render it necessary to take immediate action, the Central Government may, by notification in the Official Gazette, amend the Fourth Schedule to substitute the rate of duty specified therein in respect of such goods in the following man
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pproved with or without modifications under sub-section (2).
Explanation.-For the purposes of this sub-section, the term "form or method", in relation to a rate of duty of excise, means the basis, including valuation, weight, number, length, area, volume or any other measure, on which the duty may be levied.
(2) Every notification under sub-section (1) shall be laid before each House of Parliament, if it is in session, as soon as may be after the issue of the notification, and, if it is not in session, within seven days of its re-assembly, and the Central Government shall seek the approval of Parliament to the notification by a resolution moved within a period of fifteen days beginning with the day on which the notification is
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