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of <h1>50% Excise Duty Cut for North-East Refineries Under Central Excise Act, 1944, Superseded by Notification No. 29/2002-CE</h1> The notification prescribes a 50% reduction in all excise duties for goods cleared by four refineries in the North-East: Numaligarh Refinery, Bongaigaon Refineries and Petrochemicals Limited, Indian Oil Corporation in Guwahati, and Assam Oil Division, Indian Oil Corporation in Digboi. This exemption applies to duties under the Central Excise Tariff Act, 1985, and additional duties specified in the Finance Acts of 1998 and 1999, as well as the Finance Bill of 2002. The notification, issued under the Central Excise Act, 1944, was later superseded by Notification No. 29/2002-CE on May 13, 2002.
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