Reduces peak rate to excise duty (Cenvat) from 16% to 14% w.e.f. 1-3-2008, 14% to 10% w.e.f. 7-12-2008 and 10% to 8% w.e.f. 24-2-2009 except few items, 8% to 10% w.e.f. 27-2-2010

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....F REVENUE) Notification No.2/2008-Central Excise New Delhi, the 1st March, 2008 G.S.R. 130(E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods falling under the Chapter, heading, sub-heading or tariff item of the First Schedule to the Central Excise Tariff Act, 1985 ( 5 of 1986), as are specified in column (2) of the Table below, from so much of the duty of excise leviable thereon under the said First Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (3) of the Table aforesaid.  E....

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....710 19 70, 2710 19 80 and 2710 19 90 14% ^4[17. Omitted]   18. 2711, 2712, 2713, 2714 and 2715 14% 19. 2801, 2802, 2803, 2804 (except tariff item 2804 40 10), 2805, 2806, 2807, 2808, 2809, 2810, 2811, 2812, 2813, 2814, 2815, 2816, 2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2825, 2826, 2827, 2828, 2829, 2830, 2831, 2832, 2833, 2834, 2835, 2836, 2837, 2839, 2840, 2841, 2842, 2843, 2844 (except tariff item 2844 30 22), 2845 90 90, 2846, 2847 00 00, 2848, 2849, 2850, ^8[2852 10 00, 2852 90 00], 2853 00 10, 2853 00 20, 2853 00 40, 2853 00 91 and 2853 00 99 ^1[10%] 20. 29 ^1[10%] 21. 3001, 3003, 3004, 3005, 3006 10 10, 3006 10 20, 3006 20 00, 3006 30 00, 3006 40 00, 3006 50 00, 3006 70 00 and....

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..... 5501, 5502, 5503, 5504, 5505, 5506 and 5507 ^1[10%] 41. 5601 22 00 ^1[10%] 42. 5902 10 10 and 5902 10 90 ^1[10%] 43. 64 ^1[10%] 44. 65 ^1[10%] 45. 66 ^1[10%] 46. 6702, 6703 and 6704 ^1[10%] 47. 68 ^1[10%] 48. 69 (except tariff item 6901 00 10) ^1[10%] 49. 70 (except tariff items 7018 10 10, 7018 10 20, 7020 00 11, 7020 00 12 and 7020 00 21) ^1[10%] 50. 7101, 7103, 7104 (except tariff item 7104 10 00), 7105, 7106 92 10, 7107 00 00, 7108, 7109 00 00, 7110, 7111 00 00, 7112, 7113, 7114, 7115, 7116, 7117 and 7118 ^1[10%] 51. 72 ^1[10%] 52. 73 ^1[10%] 53. 74 ^1[10%] 54. 75 ^1[10%] 55. 76 ^1[10%] 56. ....

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....60 00) and 8803 ^1[10%] 70. 8903, 8907 and 8908 00 00 ^1[10%] 71. 9001 10 00, 9001 20 00, 9001 90 10, 9001 90 90, 9002, 9003, 9004, 9005, 9006, 9007, 9008, 9010, 9011, 9012, 9013, 9014, 9015, 9016, 9017 (except tariff items 9017 20 20, 9017 20 30 and 9017 20 90), 9018, 9019, 9020 00 00, 9022, 9023, 9024, 9025, 9026, 9027, 9028, 9029, 9030, 9031, 9032 and 9033 00 00 ^1[10%] 72. 91 ^1[10%] 73. 92 ^1[10%] 74. 9302 00 00, 9303, 9304 00 00, 9305, 9306 and 9307 00 00 ^1[10%] 75. 94 (except tariff item 9405 50 10) ^1[10%] 76. 95 (except tariff items 9504 40 00 and 9508 10 00) ^1[10%] 77. 9601, 9602, 9603, 9604 00 00, 9605, 9606 10 10, 9606 10 20, 9606 30 90, 9607, 9608, 9611 0....