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of <h1>Central Excise Tariff Act Amendment: New 12% and 6% Duty Rates on Various Items, Specific Rates for Tobacco Products</h1> The amendment to the First Schedule of the Central Excise Tariff Act involves changes to the excise duty rates for various tariff items across multiple chapters. The primary alterations include setting a 12% duty rate for numerous items, with exceptions where a 6% rate is applied. Specific chapters and headings, such as those related to iron ore, aluminum, and other metals, have been adjusted to reflect these new rates. Additionally, certain items now have specific duty rates based on their classification, such as Rs. per thousand for tobacco products. These changes aim to standardize and update the excise duty structure.
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