(1) Subject to the provisions of this section, the Central Government may, by notification, —
(a) amend the First Schedule;
(b) amend the Second Schedule or the Third Schedule:
Provided that penalty or civil penalty specified in such Schedules shall be not exceeding ten crore rupees.
(2) Any amendment made under sub-section (1) shall have effect as if enacted in this Act and shall come into force on the date of the notification, unless the notification otherwise directs.