Excise Manual 2014-15 Pdf
Road tractors for semitrailers of engine capacity more than cc. Radio taxi is proposed to be excluded from the negative list. Some important forms, due dates and frequency thereof. The tour operators are provided some relief in Cenvat credit. Reverse Charge The new entry has been introduced for reverse charge.
Compounded Levy Scheme Capacity based duty. Motor chassis for vehicles of heading petrol driven fitted with engines, whether or not with cab. To encourage domestic production of mobile handsets and reduce the dependence on imports, the Finance Minister has proposed to restructure the excise duties for all categories of mobile handsets. Air conditioned contract carriage even for purpose other than tourism are now taxable.
India Interim Budget highlight update
This change is proposed and will come into force when the Finance Bill receives consent from the President. Hybrid motor vehicles Explanation. Motor-cycles including mopeds and cycles fitted with an auxiliary motor, with or without side-cars.
India New Budget 2014 - 15
To stimulate growth in the capital goods and consumer non-durables, Shri P. In particular, the manufacturing sector needs an immediate boost. The rates can be reviewed at the time of the regular budget. Chidambaram has announced some changes in Indirect Tax Rates. Hydrogen vehicles based on fuel cell technology.
The principal notification No. Thus some relaxation is provided along with with stringencies for payment. To encourage domestic production of soaps and oleo chemicals, Shri P.
Changes in Excise Duty in Budget
Duty on mobile handsets has been reduced. Offence and Penalties under Central Excise. Motor vehicles for the transport of ten or more persons, including the driver. Presenting the Interim Budget here in Parliament today, he said that keeping with the conventions, he does not propose to make any announcements regarding changes to the Tax Laws.
But if payment is not made within three months the point of taxation is the date immediately after the date of end of three months.
Such amendment seems to be clarificatory in nature. Chassis fitted with engines for three wheeled motor vehicles. Transport of passengers by non air-conditioned contract carriage for purposes other than tourism, conducted tour, charter or hire continue to be exempted.
However, such amendment is to be brought by the Central Government by notification on some date. The taxability on radio taxi is yet to be notified. Earlier there was no such condition. But advertisement in print media continues to be in negative list.
However, Deputy Commissioner can give some relaxation. Export of Excisable Goods - Under claim of rebate. The date is yet to be notified. Production Storage and Accounting of Finished Goods manufactured. Hydrogen vehicles based on fuel cell technology Explanation.
India Interim Budget-2014-15 highlight update
Interim Budget Changes in Excise duty related notification. Read More about change in excise duty rates interim budget. Accordingly, improve your ielts listening and speaking skills macmillan 2007 pdf Shri Chidambaram proposed to make appropriate reductions in the excise duty on chassis and trailers. Central Excise Practice Manual. Deemed Manufacture Process which amounts to manufacture.
In the said notification,-. Under Secretary to the Government of India. This can be done on the basis of documents evidencing receipt of export goods. Process which do not amount to manufacture.
Three wheeled vehicles for transport of not more than seven persons, including the driver. In case of full reverse charge mechanism. Now the amendment has been introduced to make payment within three months.
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