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of <h1>India Updates Excise Duty Rates on Goods; Adds New Entries for Gold, Electronics, and Wind Energy Components.</h1> The Government of India has issued Notification No. 12/2016-Central Excise, amending Notification No. 12/2012-Central Excise, to implement budgetary changes. Key amendments include adjustments in excise duty rates for various goods such as micronutrients, fertilizers, concrete mix, and lithium-ion batteries. New entries have been added for items like rubber sheets, gold bars, and components for manufacturing electronic devices. Certain serial numbers and related entries have been omitted, while new lists and items have been introduced, particularly for goods used in manufacturing rotor blades for wind energy. These changes aim to align with public interest and economic policies.
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