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of <h1>Finance Bill 2012: Clause 139 Retrospectively Amends Excise Act Notification, Clarifies Exemption Period for Expanding Units</h1> Clause 139 of the Finance Bill, 2012, amends a notification under section 5A of the Central Excise Act, specifically notification number G.S.R. 62 (E) dated February 6, 2010. The amendment is retrospective, as detailed in the Fifth Schedule, and grants the Central Government the authority to amend notifications retrospectively. It clarifies that no actions will be considered offenses if they wouldn't have been punishable without the retrospective amendment. The amendment recalculates the ten-year exemption period for units expanding substantially from the date of commercial production commencement from the expanded capacity, effective upon presidential assent.
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