Indian Tax Solution
Rate of exchange foreign currency with effect from 03rd February, 2017
Principal Commissioner given charge of Customs Chief Commissioner
Anti-dumping duty on Hot-rolled products of alloy or non-alloy steel imported from China, Japan, Korea RP, Russia, Brazil and Indonesia extended
Anti-dumping duties imposed on imports of Cold-rolled flat products of alloy or non-alloy steel from People\'s Republic of China, Japan, Korea RP, Russia, Brazil, Indonesia and Ukraine exteneded
Export duty is being imposed at an effective rate of 15% on ?Other aluminium ores, including laterite? falling under tariff item 2606 00 90.
SAD is being exempted on Catalyst [3815 90 00] and Resin [3909 40 90] for use in the manufacture of cast components of WOEG, subject to actual user condition.
Basic Customs Duty (BCD) is being reduced from 10%/7.5% to 5% on all items of machinery, including, instruments, apparatus and appliances, transmission equipment and auxiliary equipment
Seeks to further amend Notification No. 12/2012-Customs, dated the 17.3.2012 so as to carry out Budgetary changes. Details are contained in Joint Secretary (TRU ? I) DO letter dated 31.1.2017.
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
Seeks to amend notification No. 25/2012-Service Tax, dated 20th June 2012, so as to amend certain existing entries granting exemption on specified services and inserting new entries for granting exemption from service tax on specified services.
Pan Masala Packing Machines (Capacity Determination And Collection of Duty) Amendment Rules, 2017
New scope for utilisation of credit of Education and SHE Cess for payment of basic excise duty
New scope for utilisation of credit of Education and SHE Cess for payment of basic excise duty Rule 3(7)(b) of the CCR, 2004 has been amended vide Notification No.12/2015-Central Excise (N.T.), dated 30.04.2015 so as to allow ...