Amendment status not verified — confirm the current text below against the official source.
(l) There shall be I~vied a,pd collected in the manner provided by this Regulation Excise duty. and the rules thereunder and at such 'rites, not exceeding the rates set forth in the Schedule, a~: the Administrator may, by notification in the Official Gazette, specify, a duty of excise or a countervailing duty or a special duty:,as the case may be, on all liquor of the descriptions srecified in the Schedule, being liquor manufactur~d;_()r·produced in;: ~r brought in~o, the tl:rritory and such duty shaH be payable by. th~ ._person manufacturing or producmg or _ . importing such liquor: .. ' ..... -- .; .• . ..' , .. Recovery of dut I lind levies on I"': pro ),: Tty of deft ultcr, Interest payable fc r failure tc pay excise revenue. .1 '''I .~ •.. 10 THE GAZETTE OF INDlA EXTRAORDINARY Provided that no. su2h du; ~~11 be levied' on toddy when used for the manufacture Qf jaggery, vinegar, yeast, neera or when drunk as such. , r . '" Explanation-r-Ver the removal of doubts, it is hereby declared that in any notiflcation issued under this section, it shall nat be necessary to. specify separately the rate Df countervailing duty Dr special duty a~~, 'iuiles~'Dlhernllse provided in such notification expressly, any rate specified in such notification As the .rw: of excise duty in respect of any description of liquor shall be deemed tobe also. the rate'of countervailing duty, or a special duty, as the case may be, in respect of sHc,h desc~iption of liquor. . (2) There shall be levied and collected fee for issue of licence or penn it subject to. such tenus and conditions as may be prescribed. . (3) There shall be levied and collected the import, export Dr transport duties assessed in such manner as may be prescribed." ~ , . , .'