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of <h1>Central Government Updates Excise Notification: Modifies Clause (ii) to Increase Rate from Rs. 3.50 to Rs. 5.25 Per Sq Meter</h1> The Central Government has amended Notification No. 177/86-Central Excises, dated March 1, 1986, under the Central Excise Rules, 1944. The amendment, specified in Notification No. 18/90-C.E. (N.T.) dated May 16, 1990, involves a change in clause (ii) of the fourth proviso. The original wording 'Rs. 3.50 per square metre' is replaced with 'Rs. 5.25 per square metre.' This modification pertains to the Modvat credit system under the Central Excise regulations.
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