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    <title>EXPLANATORY NOTES (CENTRAL EXCISE)-Budget 2007</title>
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    <description>A Secondary and Higher Education Cess is imposed on excisable goods in addition to the existing education cess, collectible immediately and calculated on aggregate excise duties excluding both cesses. Cenvat Credit Rules are amended to allow credit of the new cess, usable only for payment of the Education Cess or the Secondary and Higher Education Cess. The SSI full exemption threshold is increased effective 1 April 2007, and multiple tariff and notification amendments adjust excise rates, exemptions and MRP abatement across various product chapters.</description>
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