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    <title>Amendment of section 11AA</title>
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    <description>The amendment modifies the statutory excise rate framework by raising the minimum and maximum annual rate bounds and transferring the authority to fix the applicable rate from the Board to the Central Government, with the rate to be announced by notification in the Official Gazette.</description>
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      <description>The amendment modifies the statutory excise rate framework by raising the minimum and maximum annual rate bounds and transferring the authority to fix the applicable rate from the Board to the Central Government, with the rate to be announced by notification in the Official Gazette.</description>
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