Education Cess exemption removes cess liability on First Schedule central excise goods, including specified export oriented unit transfers. Exempts from Education Cess all goods in the First Schedule to the Central Excise Tariff Act, 1985, removing the whole of the cess leviable under the Finance Act; the exemption extends to excisable goods produced or manufactured by a hundred per cent export oriented unit and brought to any other place in India in accordance with the Foreign Trade Policy.