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of <h1>India Amends Excise Rules: New Value Addition Calculation for Northeast Manufacturing Units, Effective April 1, 2008</h1> The Government of India has amended Notification No. 20/2007-Central Excise to provide exemptions on goods manufactured in units located in specific northeastern states. The amendment modifies how duty on value addition is calculated, replacing the previous method with a percentage-based system outlined in a detailed table. Manufacturers must submit monthly statements of duty paid and CENVAT credit utilization to receive refunds. The notification allows for a special rate determination for value addition upon application, with provisional refunds available. This amendment takes effect from April 1, 2008, and aims to support manufacturing in designated regions.
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