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<h1>Duty on value addition replaces prior exemption, with procedural refund mechanisms and option for special-rate fixation.</h1> Amendment replaces prior exemption wording with a duty on value addition regime: duty is calculated as specified percentages of total duty on excisable goods per a Table, with a residual rate for unlisted goods and a cap equal to the duty actually paid in cash (excluding CENVAT). Monthly submission and verification procedures govern refunds; manufacturers may instead credit calculated amounts to an account current under conditions, or apply for a Commissioner-fixed special rate based on audited prior-year value addition, with provisional refunds and subsequent adjustments. Effective 1 April 2008.