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<h1>Central Government Rescinds 1954 Notification on Excise Tariff via Rule 12; New Notification Issued in 1986.</h1> The Central Government, exercising its authority under rule 12 of the Central Excise Rules, 1944, has rescinded Notification No. 46-Central Excises dated November 1, 1954. This decision was formalized through Notification No. 423/86-C.E. dated September 18, 1986, concerning Central Excise Tariff and miscellaneous exemptions.