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of <h1>India's 2012 Finance Ministry Notification Sets Excise Duty Rates for Goods, Superseding 2005 and 2006 Notices.</h1> The notification issued by the Ministry of Finance, Government of India, dated March 17, 2012, prescribes the effective excise duty rates for goods under chapters 1 to 96 of the Central Excise Tariff. It supersedes previous notifications from 2005 and 2006. The notification lists specific goods, their descriptions, and applicable duty rates, with many goods exempt from excise duty or subject to reduced rates. Conditions for exemptions include usage within specific industries or processes, compliance with procedural requirements, and restrictions on brand names. The notification was later superseded by Notification No. 11/2017, dated June 30, 2017.
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