Amendment in the Notification No. 2/2011-Central Excise, dated the 1st March, 2011 - Option to pay duty at 6% (earlier 5%) with cenvat credit - 09/2014 - Central Excise - Tariff

India Amends Central Excise Rules: Duty Option at 6%, Adds Sports Gloves, Revises and Removes Serial Numbers

The Government of India, through the Ministry of Finance, has amended Notification No. 2/2011-Central Excise, originally dated March 1, 2011. The amendment, effective from July 11, 2014, allows an option to pay duty at 6% instead of the previous 5% with CENVAT credit. The changes include the addition of gloves designed for sports under serial number 28A, a revision of the entry for non-electric sewing machines under serial number 58, and the removal of serial number 63. These amendments are made in the public interest under the Central Excise Act, 1944.