Section Text
5. 1 Powerof Central Government to amend First and Second Schedules
(1)Wherethe Central Government is satisfied that it is necessary so to do in the publicinterest, it may, by notification in the Official Gazette, amend the FirstSchedule and the Second Schedule:
Providedthat such amendment shall not alter or affect in any manner the rates specifiedin the First Schedule and the Second Schedule in respect of goods at whichduties of excise shall be leviable on the goods under the Central Excise Act,1944 (1 of 1944).
(2)Every notification issued under sub-section (1) shall be laid, as soon as may beafter it is issued, before each House of Parliament, while it is in session, fora total period of thirty days which may be comprised in one session or in two ormore successive sessions, and if, before the expiry of the session immediatelyfollowing the session or the successive sessions aforesaid, both Houses agree inmaking any modification in the notification or both Houses agree that thenotification should not be issued, the notification shall thereafter have effectonly in such modified form or be of no effect, as the case may be; so, however,that any such modification or annulment shall be without prejudice to thevalidity of anything previously done under that notification.
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1.Insertedvide The Central Excise Tariff (Amendment) Act, 2004.