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of <h1>India Amends Excise Notification to Update Abatement Rates, Adds New Entries for Smart Watches and Accessories.</h1> The Government of India has issued Notification No. 12/2016-Central Excise (N.T) to amend Notification No. 49/2008-Central Excise (N.T.), adjusting the rate of abatement from the Retail Sale Price for specified commodities. Changes include the substitution of serial numbers 39 and 40 with new entries, updating the entry for serial number 56 to '30,' and adding new serial numbers 64A and 87A for certain goods, such as smart watches. Additionally, the description for serial numbers 108 and 109 is updated to include 'accessories.' These amendments aim to refine the Retail Sale Price-based assessment for these commodities.
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