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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amendment to Excise Duty Rebate: 'Local Market Price' Replaces 'The Value' in Rule 12 Notification for Exported Goods.</h1> The Central Government has amended Notification No. 197/62-C.E., dated November 17, 1962, concerning the rebate of excise duty on exported excisable goods. This amendment, issued under Notification No. 6/93-C.E. (N.T.) dated October 14, 1993, is made under the authority of rule 12 of the Central Excise Rules, 1944. The change involves substituting the term 'The Value' with 'Local Market Price' in condition (vii) of the original notification, aligning with public interest considerations.
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