Notes on clauses - Central Excise Tariff

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..... code of classification; (b) incorporate changes in description of certain tariff items; (c) revise tariff rates in respect of certain tariff items; (d) insert Chapter Notes relating to classification of certain tariff items and to deem that certain processes shall amount to manufacture. Clause 142 of the Bill seeks to insert a new Chapte .....

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..... n case of failure, interest at the rate of twenty-four per cent. per annum shall be payable along with the duty of excise. It also seeks to provide that in computing the amount of duty which is recoverable as above, the assessee shall be entitled to take into account the benefit of CENVAT Credit under the CENVAT Credit Rules, 2004, if the same has not been availed by such assessee for rea .....

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