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of <h1>Finance Bill 2012 Amends Central Excise Act Section 11A, Alters Notice Period Calculation in Sub-sections (5) and (8).</h1> Clause 132 of the Finance Bill, 2012 proposes amendments to section 11A of the Central Excise Act. It modifies sub-section (5) by altering specific wording and replaces sub-section (8). The new sub-section (8) stipulates that any period during which the service of notice is stayed by a court or tribunal is to be excluded when calculating the one-year or five-year periods specified in other sub-sections. These changes will become effective upon the President's assent to the Bill.
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