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of <h1>India Revises Excise Duty Rates for Goods Under Chapters 1-96; New Exemptions Introduced for Polyester Fiber, Footwear</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 24/2012-Central Excise, amending the previous Notification No. 12/2012-Central Excise. These amendments, effective from May 8, 2012, prescribe the effective rates of duty on goods classified under chapters 1 to 96. Key changes include the insertion of new serial numbers with specified duty rates, alterations to existing entries, and the introduction of exemptions for certain goods such as polyester staple fiber and specific types of footwear. The amendments aim to align duty rates with public interest considerations.
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