9911796707
TMI BlogEXCISEX X X X Extracts X X X X X X X X Extracts X X X X ..... ing from rupees two thousand five hundred to rupees ten thousand on the lines of the Income-tax Act. [113] 4. Sub-section (6) of section 23D is being amended so as to provide time of limit of six months by which Authority shall pronounce its ruling on the lines of the Income-tax Act. [114] 5. A new section 23-I is being inserted so as to provide for transferring the pending applications before the Authority for Advance Rulings (Central Excise, Customs and Service Tax) to the Authority constituted under section 245-O of the Income-tax Act from the stage at which such proceedings stood as on the date on which the Finance Bill, 2017 receives the assent of the President. [115] 6. Section 32E is being amended so as to insert a new sub-section (5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... THER PROPOSALS INVOLVING CHANGES IN EXCISE DUTY RATES: S. No. Commodity From To Amendments involving change in the rate of Additional Excise duty under Finance Act, 2005 B. Pan Masala 6. Pan Masala 6% 9% C. Tobacco and Tobacco Products 7. Unmanufactured tobacco 4.2% 8.3% Amendments involving change in the rate of Basic Excise duty 8. Paper rolled biris handmade Rs.21 per thousand Rs.28 per thousand 9. Paper rolled biris machine made Rs.21 per thousand Rs.78 per thousand D. Renewable Energy 10. Solar tempered glass for use in solar photovoltaic cells/modules, solar power generating equipment or systems, flat plate solar collector, solar photovoltaic module and panel for water pumping and other applications, subject to actual user condition N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a. Waste and scrap of precious metals or metals clad with precious metals arising in course of manufacture of goods falling in Chapter 71 b. Strips, wires, sheets, plates and foils of silver c. Articles of silver jewellery, other than those studded with diamond, ruby, emerald or sapphire d. Silver coin of purity 99.9% and above, bearing a brand name when manufactured from silver on which appropriate duty of customs or excise has been paid Nil Nil, subject to the condition that no credit of duty paid on inputs or input services or capital goods has been availed by manufacturer of such goods IV. AMENDMENTS IN THE CENTRAL EXCISE RULES, 2002 AND THE CENVAT CREDIT RULES, 2004 S. No. Amendment 1. Sub-rule (2) is being inserted in rule 21 of Cent ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
