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of <h1>Amendments to Finance Act 2001 align National Calamity Contingency Duty with Excise Tariff changes effective January 2017.</h1> Clause 228 of the Finance Bill, 2016 proposes amendments to the Seventh Schedule of the Finance Act, 2001. These amendments involve aligning the Schedule with the entries related to the National Calamity Contingency Duty as specified in the Twelfth Schedule, and harmonizing it with proposed changes in the First Schedule to the Central Excise Tariff Act, 1985, as outlined in the Thirteenth Schedule. These changes are set to take effect on January 1, 2017.
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