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of <h1>Amendment to Excise Notification: Interest Rate Clause Revised for Exports to Nepal/Bhutan Under Rule 19.</h1> Notification No. 21/2007-Central Excise (N.T.), dated April 19, 2007, amends Notification No. 45/2001-CE (N.T.) concerning exports under bond to Nepal or Bhutan. The amendment, made under rule 19 of the Central Excise Rules, 2002, changes the interest rate clause in paragraph 2, sub-paragraph (3), clause (ii) of the original notification. The phrase 'along with twenty four percent interest thereon' is replaced with 'along with interest prescribed under section 11AB of the Central Excise Act, 1944.' This notification was last amended on January 30, 2003.
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