More Duty Exemption Notifications Lapse from today
CLUB or Association Service provided by the Export Promotion Councils / Export Organisations is taxable from today
Notification dated 7.7.2009 exempted the service of Club or Association provided by different Export Organisations/ Export Promotion Councils to their members. This Notification was effective till 31st March 2010. From today, for the services provided by these Organisations, there is no exemption and they have to pay service tax. One fails to understand the rationale behind such sunset clauses, especially when the objective of giving such exemption is to encourage the exports.
From today Import of Goods meant for Information Technology Sector leviable to CVD and Import of pulses to be subjected to appropriate customs duties
The exemption from levy of additional duty of customs (‘CVD') under Section 3(1) of Customs Tariff Act, 1975 allowed under Notification No. dated 26.07.2007 to import of certain specified goods (capital goods, spares/components thereof, mould & dies, pollution control equipment etc) meant for usage in the information technology sector also lapses with effect from today.
Further, exemption from levy of customs duty on import of pulses falling under Chapter 0713 (S. No. 11A of Notification 21/2002-Cus) also lapses today.