Exemption from levy of tax

The Government may, if it is necessary or expedient in the public interest so to do, by notification in the Official Gazette, exempt any luxury commodity or class of luxury commodities from the levy of tax under this Act. The Government may, by notification in the official Gazette, subject to such conditions and restrictions as it may specify, exempt or reduce the tax payable under this Act in respect of any class of luxuries or stockists.