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<h1>India Amends Excise Duty Exemptions for Mobile Handsets, Vehicles; Extends Compliance Period to 60 Months</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 04/2014-Central Excise to amend Notification No. 12/2012-Central Excise dated March 17, 2012. This amendment includes changes to the applicability of excise duty exemptions for certain goods, specifically those listed under serial numbers 296, 297, and 345 to 369. The notification revises duty rates and conditions for various goods, including mobile handsets, motor vehicles, and chassis. Additionally, the period for fulfilling certain conditions has been extended from thirty-six to sixty months. These amendments aim to address public interest considerations under the Central Excise Act, 1944.