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<h1>India Amends Central Excise Notification: Changes to Serial No. 140 for Excise Duty Adjustment Based on MRP</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 17/2014-Central Excise (N.T.) on July 11, 2014, amending Notification No. 49/2008-Central Excise (N.T.) dated December 24, 2008. This amendment pertains to the modification of entries in the table against serial number 140, specifically replacing the existing entry with '8421 21 20, 8421 99 00.' This change is enacted under the powers granted by the Central Excise Act, 1944, and is intended to adjust the duty of excise based on the Maximum Retail Price (MRP) with a prescribed rate of abatement.
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