Indian Tax Solution
Amendments in the notification of No. 12/2012-Central Excise, dated the 17th March, 2012
Heena Powder and Paste exempted from Central Excise Duty.
CENVAT Credit (Second Amendment) Rules, 2017.
Central Excise (Settlement of Cases) Amendment Rules, 2017.
Amendment in the Notification No. 38/2001-Central Excise (N.T.) dated the 26th June, 2001
The additional duty of excise levied under the Seventh Schedule to the Finance Act, 2005 [commonly known as health cess] on jarda scented tobacco, gutkha and chewing tobacco is being increased from 6% to 12%
Seeks to further amend Notification No. 42/2008- Central Excise dated 1.7.2008 so as to carry out Budgetary changes.
Seeks to prescribe 6% concessional excise/CV duty on all items of machinery required for (a) initial setting up of fuel cell based system for generation of power or for demonstration purposes and (b) for balance of systems operating on biogas or bio-methane or by-product hydrogen.
Seeks to amend Notification No. 12/2012-Central Excise dated 17.03.2012 so as to carry out Budgetary changes
The excise duty payable per machine per month under the Compounded Levy Scheme applicable modified
Pan Masala Packing Machines (Capacity Determination And Collection of Duty) Amendment Rules, 2017
Chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Amendment Rules, 2017.
Sub-rule (4) is being inserted in rule 10 of CENVAT Credit Rules, 2004 so as to provide for a time limit of three months [further extendable by 6 months] for approval of requests regarding transfer of CENVAT credit on shifting, sale, merger, etc. of the factory
Notification No.12/2012-Central Excise, dated the 17th March, 2012 amended to bring in some changes in chapter 87
6% duty with CENVAT option for Articles of goldsmiths\' or silversmiths\' wares bearing a brand name withdrawn
Huge relief for manufacturers -No GST payments on advances received for supplying goods
On Wednesday, the Central Government spared businesses from paying GST on advance amounts they have received for goods which are to be supplied later in the future. The step was aimed to help clear the confusion over tax liabiliti ...