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TMI BlogTemporary Accounting of Collection of-Secondary and Higher Education Cess.X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Higher Education Cess. Attention of the Trade & Industry is invited to Trade Notice No.7/2007 dated 3.4.2007 and Trade Notice No. 8/2007 dated 16.4.2007. 2. In this regard, it is clarified that new " Secondary and Higher Education Cess" @ 1% has been levied on all excisable goods, imported goods & taxable services in the Union Budget-2007. The matter has been taken up with CGA's office for op ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Awaiting Transfer to Other Minor Heads etc. 00440252 119 4. Pending opening of the new Heads of Accounts, the " Secondary and Higher Education Cess" of 1% on account of Customs, Union Excise duty & Service Tax will be paid as per details of Minor Head of Accounts - RAT given above. 5. All the Trade Associations and Chamber of Commerce and Industries are requested to bring the contents of thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th CGA's office for opening of new Head of Accounts. Pending opening of new Heads of Accounts which is likely to take time, the duty being deposited by assesses may be accounted for the present under Sub-Head/Minor-Head of Accounts "Receipt Awaiting Transfer" to other Minor Head etc" under Major Head 0037 - Customs/0038-Union Excise Duty/0044 - Service Tax. The amount kept under RAT would be trans ..... X X X X Extracts X X X X X X X X Extracts X X X X
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