Seeks to further amend Notification No. 49/2008-Central Excise (N.T.), dated the 01.03.2016 so as to amend the rate of abatement from Retail Sale Price for commodities specified therein and bring certain commodities under Retail Sale Price based assessment. - 12/2016 - Central Excise - Non Tariff

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 12/2016-Central Excise (N.T) New Delhi, the 1st March, 2016 G.S.R. 243 (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 4A of the Central Excise Act, 1944 (1 of 1944) , the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 49/2008-Central Excise (N.T.), dated the 24th December, 2008, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 882(E), dated the 24th December, 2008, namely :- In the said notification, in the table,- (i) for serial numbers 39 and 40 and the entries relating thereto, the following serial numbers and entries shall be substituted, namely :- (1) (2) (3) (4) 39. 3401 All goods 30 40. 3402 All goods 30 ; (ii) against serial number 56, for the entry in column (4), the entry 30 shall be substituted; (iii) after serial number 64 and the entries relating thereto, the following serial number and entries shall be inserted, namely :- (1) (2) (3) (4) 64A. 7607 All goods 25 ; (iii) after serial number 87 and the entries relating thereto, the following serial number and entries shall be inserted, namely :- (1) (2) (3) (4) 87A. 8517 62 Wrist wearable devices (commonly known as smart watches) 35 ; (iv) against serial numbers 108 and 109, in column (3), for the words Parts, components and assemblies , the words Parts, components, accessories and assemblies shall be substituted; [F.No.334/8/2016-TRU] (Mohit Tewari) Under Secretary to the Government of India Note: The principal notification No. 49/2008-Central Excise (N.T.), dated the 24th December, 2008 was published in the Gazette of India, Extraordinary, Part II, Section-3, Sub-section (i), vide number G.S.R. 882(E), dated the 24th December, 2008 and last amended by notification No. 3/2015-Central Excise (N.T.) dated the 1st March, 2015 vide number G.S.R. 148(E), dated the 1st March, 2015 .