DEFINITION: SECTION 2
Meaning of license has been amended to mean; a. In case of excisable services, means the certificate of registration; b. In the case of excisable goods, means the license issued under section 17; or c. In the case of any activity under section 15 (1) (e), means the license required thereunder.
INFLATION ADJUSTMENT
Before adjusting any excise duty rate as a result of inflation adjustment, the commissioner must seek an approval from the Cabinet secretary of Treasury and planning. Must also be gazzeted and tabled before the National Assembly for consideration.
EXCISABLE GOODS: FIRST SCHEDULE (1)
The Act has reduced the alcoholic strength of Beer, Cider, Perry, Mead, Opaque beer and mixtures of fermented beverages with non-alcoholic beverages
and spirituous beverages and also Spirits of under natured ethyl alcohol; spirits liqueurs and other spirituous beverages from the previous 10% to 8%