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of <h1>Amendment to Excise Notification: 35% Abatement for Branded Medicaments; Aligns Pressure Cooker Tariffs with HS 2012 Standards</h1> The notification amends the previous Central Excise Notification No. 49/2008 to implement MRP-based assessment with a 35% abatement for branded medicaments used in Ayurvedic, Unani, Siddha, Homeopathic, or Bio-Chemic systems. It also aligns tariff lines for pressure cookers with HS 2012. Amendments include changes to serial numbers in the notification's table, specifying goods under certain classifications and defining 'brand name' for medicaments. The notification aims to regulate excise duties on specified goods, ensuring compliance with authoritative pharmacopoeia and trade connections.
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