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    <title>Watches and clocks of retail sale price, not exceeding Rs. 500 per piece — MRP based valuation — Amendment to Notification No. 5/2001-C.E. (N.T.)</title>
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    <description>Amendment adds two tariff entries prescribing MRP based valuation and specified excise duty rates for watches and clocks of retail sale price not exceeding Rs. 500 per piece, applicable where duty is paid under the First Schedule to the Central Excise Tariff Act and the manufacturer does not avail notification based exemptions; the entries modify the Table of Notification No. 5/2001 Central Excise (N.T.).</description>
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