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<h1>Excise duty exemption: prescribed effective rates cap duty on listed goods, exempting any excess from Central Excise.</h1> Notification No. 03/2005-CE (24-02-2005) limits Central Excise duty on specified goods by prescribing an effective rate of duty; any duty in excess of that rate is exempt. The notification lists tariff-classified items granted nil or reduced effective rates-including selected foodstuffs, medicaments, chemical contraceptives, raw materials and utilities consumed within factories, nuclear fuel, certain papers for educational and Braille use, and specified components or waste used in manufacture-and applies packaging or use conditions such as 'not put up in unit containers' or 'used within factory of production.'