MOF-BUDGET Jun. 2016 | Page 425

Excise (Amendment) Bill, 2016 Excise (Amendment) Bill, 2016 “ ARTICLE DESCRIPTION 98.9H Altar Wine 989H.0000 Altar Wine RATES OF DUTY General Rate Maximum Variable Rate UNIT OF MEASUREMENT Annex E TARIFF CODE Heading/ Subheading Applicable Preferential Rate Free ”. Excise (Amendment) Bill, 2016 OBJECTS AND REASONS This Bill seeks to amend the Excise Act (No. 24 of 2013) — (a) to reduce the duty on perfumes; and (b) to align the tourist items with those under the Tariff Act, and to remove the duty rates to accord with the Tariff Act. [425] 2016/2017 DRAFT ESTIMATES OF REVENUE & EXPENDITURE