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of <h1>India Amends Excise Duty: Condensed Milk in Unit Containers Now at 6% with CENVAT Credit Option under Central Excise Act</h1> The Government of India has amended Notification No. 2/2011-Central Excise, allowing an option to pay a 6% duty, increased from 5%, with CENVAT credit where exemption has been withdrawn. This amendment, effective from March 1, 2015, introduces a new serial number and entry for condensed milk in unit containers under tariff headings 0402 91 10 or 0402 99 20. This change is enacted under the powers conferred by the Central Excise Act, 1944, and is deemed necessary in the public interest.
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