https://www.taxtmi.com/acts?id=49343 The provision authorises notification of certain excisable items as notified goods and levies excise by reference to the annual capacity of production, to be determined by rules and by the Commissioner, with proportionate calculation for part-year operation and possible abatement for continuous non-production. An assessee may seek redetermination of actual production, triggering adjustment of duty paid or refunds. Exemptions apply to goods from free trade zones and hundred per cent export-oriented undertakings, and clarifications align the levy with the Central Excise Tariff Schedule. en-us Tue, 18 Feb 2025 16:58:41 +0530 Tue, 18 Feb 2025 16:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49343 The provision authorises notification of certain excisable items as notified goods and levies excise by reference to the annual capacity of production, to be determined by rules and by the Commissioner, with proportionate calculation for part-year operation and possible abatement for continuous non-production. An assessee may seek redetermination of actual production, triggering adjustment of duty paid or refunds. Exemptions apply to goods from free trade zones and hundred per cent export-oriented undertakings, and clarifications align the levy with the Central Excise Tariff Schedule. Act-Rules F. Acts / Amendment Acts Tue, 18 Feb 2025 16:58:41 +0530 https://www.taxtmi.com/acts?id=49343