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of <h1>Finance Bill 2012 Proposes Amendments to Central Excise Tariff Act for Classification, Tariff Rates, and Manufacturing Processes</h1> Clause 141 of the Finance Bill, 2012 proposes amendments to the First Schedule of the Central Excise Tariff Act, 1985. The amendments aim to align certain entries with the revised ISRI classification code, update descriptions of specific tariff items, revise tariff rates for certain items, and introduce Chapter Notes for classification purposes. These changes also include deeming specific processes as manufacturing. The amendments are detailed in the Seventh Schedule.
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