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    <title>Tariff Notification No. 12/2016 dated 01-03-2016</title>
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    <description>Tariff Notification No. 12/2016 reduces excise duty for specified parts-shafts, sleeve, chamber, impeller, washer, and electric motor-when used in the manufacture of centrifugal pumps, subject to an actual user condition; parts for submersible pumps do not automatically qualify and require technical assessment. The notification also brings certain accessories into RSP-based assessment and amends the Third Schedule, with immediate effect under the provisional collection declaration.</description>
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