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of <h1>Excise Duty Rate Changed from 53 Paise per Sq Meter to 5% Ad Valorem in Recent Amendment</h1> The Central Government has amended Notification No. 261/87-Central Excises, originally issued on December 9, 1987, under the authority of the Central Excises and Salt Act, 1944, and the Additional Duties of Excise (Goods of Special Importance) Act, 1957. This amendment, issued through Notification No. 31/94-C.E. dated March 1, 1994, changes the duty rate from '53 paise per square metre' to '5 percent ad valorem' in the interest of public policy.
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