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of <h1>India Updates Central Excise Notification: 'Free Trade Zone' Now 'Special Economic Zone' in Key Provision.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 25/2016 - Central Excise, amending Notification No. 67/95-Central Excises dated March 16, 1995. This amendment, effective from June 14, 2016, involves substituting the term 'Free Trade Zone' with 'Special Economic Zone' in the proviso, item (i) of the original notification. This change is enacted under the Central Excise Act, 1944, and the Additional Duties of Excise (Goods of Special Importance) Act, 1957, in the public interest. The principal notification had last been amended on July 11, 2014.
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