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of <h1>India Updates Central Excise Notification: 55% Abatement on Retail Price for Certain Goods, Including Pan Masala with Tobacco.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 01/2022-Central Excise (N.T.) to supersede Notification No. 49/2008-Central Excise (N.T.) dated December 24, 2008. This update aligns the notification with the current legal framework following the implementation of GST. Effective February 2, 2022, the notification specifies certain goods under the Fourth Schedule of the Central Excise Act, 1944, to which sub-section (2) of section 4A applies, allowing a 55% abatement on the retail sale price for specified goods, including pan masala containing tobacco.
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