S.1 Short title

This Act may be called the Central Duties of Excise (Retrospective Exemption) Act, 1986.

S.2 Retrospective effect for certain notifications

       (1) Every notification issued by the Government of India in the Ministry of Finance (Department of Revenue) on or after the 3rd day of March, 1986, but before the 8th day of August, 1986; in exercise of the powers conferred by sub-rule (1) of Rule 8 of the Central Excise Rules, 1944, for the purpose of,
       (a) maintaining the effective rates of duties of excise in respect of certain goods at the level obtaining to the 28th day of February, 1986 notwithstanding the changes in the rates of duties, of excise made by the Central Excise Tariff Act, 1985 the Additional Duties of Excise (Textiles and Textile Articles) Amendment Act, 1985or the Additional Duties of Excise (Goods of Special Importance) Amendment Act. 1985; or
       (b) maintaining the effective rates of duties of excise in respect of certain goods at the level obtaining prior to the 1st