Exempted Goods [Rule 2(d)] :

Exempted goods means excisable goods which are exempt from the whole of the duty of excise leviable thereon and includes goods which are chargeable to “Nil” rate of duty and goods in respect of which the benefit of an exemption under Notification No. 1/2011-CE, dated 01.03.2011 or under entries at serial numbers 67 and 128 of Notification No. 12/2012 CE dated 17.03.2012 is availed.

Note: Excise duty @ 2% is paid under Notification No.1/2011-CE dated 01.03.2011 and @ 1% on coal and fertilizers under Notification No. 12/2012 C.E. dated 17.03.2012.