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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Finance Bill 2016: Amendments to Central Excise Act include Section 5A, 11A changes, updated Third Schedule, duty rate adjustments.</h1> The Finance Bill, 2016 introduces amendments to the Central Excise Act, 1944, and the Central Excise Tariff Act, 1985. Key changes include the removal of the requirement to publish notifications under Section 5A, extending the limitation period under Section 11A to two years, and expanding the Board's powers under Section 37B. The Third Schedule is updated to reflect the 2017 Harmonized System of Nomenclature and includes new goods like smart watches and aluminum foils. Duty rates are adjusted for various products, including aerated beverages, tobacco, textiles, and electronics, with some rates increasing and others decreasing to support different sectors.