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of <h1>India Revises Excise Duty to 2% on Certain Goods; No CENVAT Credit Allowed per Notification 1/2011.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 1/2011-Central Excise, effective from March 1, 2011. This notification revises the effective rate of duty on specific excisable goods from 1% to 2% ad valorem, without the benefit of CENVAT credit. The notification lists various goods across different chapters and headings in the Central Excise Tariff Act, 1985, that are affected by this change. The exemption applies only if the goods are manufactured using inputs or services on which appropriate excise duty, additional customs duty, or service tax has been paid, with no CENVAT credit claimed.
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