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    <title>EXPLANATORY NOTES (EXCISE)</title>
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    <description>The standard excise rate is increased with consequential chapter wise duty revisions, withdrawal of several exemptions and selective duty reductions; new levies including a Clean Energy Cess on domestic coal/lignite/peat and machine based levies for packed tobacco are introduced; procedural amendments clarify penalty non application where duty and interest are paid pre notice, relax settlement commission restrictions, permit quarterly payment/returns and remove invoice pre authentication, and CENVAT Credit Rules are amended to expand credit availment and reversal rules with some retrospective effect.</description>
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