Effective rate of duty for specified excisable goods; exemption applies only where manufacturer has not claimed CENVAT credit
The notification exempts specified excisable goods from excise duty to the extent duty exceeds an effective ad valorem rate of 2%, provided such goods are manufactured from inputs or by utilising input services on which appropriate duty or service tax has been paid and the manufacturer (not the buyer) has not taken CENVAT credit of such duty or tax under the CENVAT Credit Rules, 2004; "appropriate duty" includes nil or concessional rates.

Amendment to Export Under Bond adds additional hydro-electric projects to eligible list for exports to Nepal and Bhutan.
Amendment substitutes the project list in sub-paragraph (5) of paragraph 1 of Notification No.45/2001-Central Excise (N.T.), adding Punatsangchhu-II Hydro-Electric Project and Mangdechhu Hydro-Electric Project to the existing enumeration of Kurichu, Tala and Punatsangchhu-I projects, pursuant to rule 19 of the Central Excise Rules, 2002.

Retrospective exemption: excise duty waived on construction-site manufactured goods provided input credit is reversed.
Notification exempts from excise duty goods manufactured at construction sites for use at those sites, falling under specified tariff sub-headings of Chapter 68 (excluding certain sub-headings) for the period 1 March 2006 to 6 July 2009, on the condition that the unit claiming the benefit reverses any input credit taken in respect of inputs used in manufacture of such goods during that period.