(1)

An excise duty or countervailing duty, as the case may be, at such rate or rates as the State Government shall direct may be imposed either generally or for any specified local area on—

(a) any alcoholic liquor for human consumption,

(b) any intoxicating drug or hemp ,

(c) opium,

(d) any other excisable article,

(i) according to the places to which an excisable article is to be removed for consumption; or

(ii) according to the varying strength or quality of such article; or

(iii) according to the manufacturing cost of the excisable article, declared in writing, by the manufacturer or the exporter to the State, to the prescribed authority and authenticated by that authority,