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    <title>Seeks to prescribe effective rates of 4% ad valorem or 8% ad valorem for specified goods falling under the First Schedule to the Central Excise Tariff Act, 1985.</title>
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    <description>Exempts specified excisable goods under the First Schedule to the Central Excise Tariff Act by limiting duty to effective ad valorem rates of 4% or 8% as listed, conditional on no CENVAT credit being taken on inputs or capital goods and on payment of duty in cash or through an account current; defines &quot;retail sale price&quot; and specifies that the rates are ad valorem unless otherwise stated. The Table lists tariff headings and a List enumerates medical equipment subject to the reduced rate, with waste and scrap from listed manufacture attracting nil rate.</description>
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