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<h1>Finance Bill 2012: Amendments to Central Excise Tariff Act Set Uniform 12% Duty, Adjust Rates for Specific Items</h1> The Seventh Schedule of the Finance Bill, 2012, outlines amendments to the Central Excise Tariff Act, adjusting excise duty rates on various goods. The changes primarily involve setting a uniform excise duty of 12% for numerous tariff items across different chapters, with exceptions for certain items where the rates are adjusted to 6% or other specified amounts. These revisions affect a wide range of products, including dairy, grains, chemicals, textiles, metals, machinery, and vehicles. Additional notes clarify manufacturing processes for specific goods, such as lithium-ion batteries and aluminium foils, which now qualify as manufacturing under the Act.