Budget Notifications
CENTRAL EXCISE NON-TARIFF NOTIFICATIONS
Sl. No. | Notification No. & Date | Subject |
|---|---|---|
1. | No. dated 1st March, 2011 | Massive Amendment to CENVAT Credit Rules, 2004. |
2. | No. dated 1st March, 2011 | Amendment to Central Excise Rules 2002. |
3. | No. dated 1st March, 2011 | Interest Payable under section 11AA enhanced to 18%. |
4. | No. dated 1st March, 2011 | Interest Payable under section 11AB enhanced to 18%. |
5. | No. dated 1st March, 2011 | Amendment to Notification No. dated 30.04.2001-Tariff Value-Textiles and inclusion of Legal Metrology Act. |
CENTRAL EXCISE TARIFF NOTIFICATIONS
Sl. No. | Notification No. & Date | Subject |
|---|---|---|
1. | No. dated 1st March, 2011 | 1% effective rate of Excise Duty levied on 130 items hitherto exempted including Soups, Supari, Coconut Water, Tooth Powder, Candles, Laminated Jute Bags, Fly Ash, Spectacles. |
2. | No. dated 1st March, 2011 | 5% effective rate of Excise Duty levied on a Large Number of goods |
3. | No. dated 1st March, 2011 | Amends Notification No.3 /2006 dated 1.03.2006-Symbol of Rupee enters Central Excise Notifications. |
4. | No. dated 1st March, 2011 | Amends Notification No.4 /2006 dated 01.03.2006-4% duty becomes 5%. |
5. | No. dated 28th February, 2011 | Amends Notification No.5 /2006 dated 01.03.2006-4% duty becomes 5%. |
6. | No. dated 1st March, 2011 | Amends Notification No.6 /2006 dated 01.03.2006-4% duty becomes 5%. |
7. | No. dated 1st March, 2011 | Notification No.49 /2006 dated 30.12.2006 exempting printing blocks, Software, rescinded. |
8. | No. dated 1st March, 2011 | Certain changes made in Notification No.8 /2003 dated 01.03.2003. |
9. | No. dated 1st March, 2011 | Amends Notification No.59 /2008 dated 07.12.2008 - 4% duty becomes 5%. |
10. | No. dated 1st March, 2011 | Amends Notification No.10 /2006 dated 01.03.2006 - 4% duty becomes 5%. |
11. | No. dated 1st March, 2011 | Amends Notification No.29 /2004 dated 09.07.2004 - 4% duty becomes 5%. |
12. | No. dated 1st March, 2011 | Amends Notification No.30 /2004 dated 09.07.2004 . |
13. | No. dated 1st March, 2011 | Textile Job Workers exempted from Registration. This should have been a N.T . Notification. |
14. | No. dated 1st March, 2011 | Exemption to Packaged Software. |
15. | No. dated 1st March, 2011 | Amends Notification No.03 /2005 dated 24.02.2005. |
16. | No. dated 1st March, 2011 | Exemption to Parts, Components and Assemblies of Chapter 84 goods. |
17. | No. dated 1st March, 2011 | Certain goods like Contraceptives and Handicrafts exempted. |
18. | No. dated 1st March, 2011 | Exemption to Attar. |
CUSTOMS TARIFF NOTIFICATIONS
Sl. No. | Notification No. & Date | Subject |
|---|---|---|
1. | No. dated 1st March, 2011 | Project imports-Water Supply Project-amendment to Notification No.42 /96- Cus . dated 23.07.1996. |
2. | No. dated 1st March, 2011 | Amends Notification No.25 /1999- Cus . dated 28.02.1999. |
3. | No. dated 1st March, 2011 | Amends Notification No.22 /2003- Cus . dated 04.02.2003-certain items deleted from the exempted list. |
4. | No. dated 1st March, 2011 | Amends Notification No.14 /2004- Cus . dated 08.01.2004- Water Supply Project. |
5. | No. dated 1st March, 2011 | Education Cess-Certain items deleted from the exempted list. |
6. | No. dated 1st March, 2011 | SEZ – Exemption from SAD – “Produced or Manufactured” changed to “cleared”. Amends Notification No.45 /2005- Cus . dated 16.05.2005. |
7. | No. dated 1st March, 2011 | Exemption to Parts and Components of Mobile Handsets- Amends Notification No.23 /2010- Cus. dated 27.02.2010 |
8. | No. dated 1st March, 2011 | Exemption to Certain goods – Amends Notification No.20 /2006- Cus. dated 01.03.2006. |
9. | No. dated 1st March, 2011 | Exemption to Certain goods – Amends Mega Notification No.21 /2002- Cus . dated 01.03.2002. |
10. | No. dated 1st March, 2011 | exempts parts, components and accessories for the manufacture of mobile handsets; Notification No.28 /2010- Cus . dated 27.02.2010 superseded. |
11. | No. dated 1st March, 2011 | Patent and proprietary medicines exempted from SAD – Notification No.29 /2010- Cus . dated 27.02.2010 amended. |
12. | No. dated 1st March, 2011 | Import of Copper Concentrate – Value of Gold Contained to be excluded for payment of duty. |
13. | No. dated 1st March, 2011 | Exemption to Packaged Software. |
14. | No. dated 1st March, 2011 | Art Works, Antiques etc. exempted. |
15. | No. dated 1st March, 2011 | Exemption from export duty – Iron Ore to attract 20% while Iron Ore Pellets fully exempted. |
CUSTOMS NON-TARIFF NOTIFICATION
Sl. No. | Notification No. & Date | Subject |
|---|---|---|
1. | No. dated 1st March, 2011 | Anti-Dumping Duty Rules amended. |
2. | No. dated 1st March, 2011 | Import of Acetate Tow and Filter Rods prohibited. |
3. | No. dated 1st March, 2011 | Interest fixed at 18% for demands under section 28AA |
4. | No. dated 1st March, 2011 | Interest fixed at 18% for demands under section 28AB |
SERVICE TAX NOTIFICATIONS
Sl. No. | Notification No. & Date | Subject |
|---|---|---|
1. | No. dated 1st March, 2011 | Works Contract – Erection Commissioning, Construction-Credit Restricted to 40% when tax is paid on the full value. |
2. | No. dated 1st March, 2011 | Service Tax Valuation Rules amended-Determination of value of service in relation to money changing. |
3. | No. dated 1st March, 2011 | Service Tax Rules amended – deemed date of service provision. |
4. | No. dated 1st March, 2011 | Air Travel – Service Tax for domestic passengers enhance to Rs.150 and to Rs.750 for International Passengers. Notification No.26 /2010-ST dated 22-06-2010 amended. |
5. | No. dated 1st March, 2011 | Organiser of Business Exhibition exempted if the service is for organizing exhibition abroad. |
6. | No. dated 1st March, 2011 | Works Contract Service for Jawaharlal Nehru National Urban Renewal Mission and Rajiv Awaas Yojana , exempted. |
7. | No. dated 1st March, 2011 | insurance under the Rashtriya Swasthya Bima Yojana exempted. |
8. | No. dated 1st March, 2011 | Transport of goods by Road, Rail or Air exempted if the goods are Transported from a place outside India and the final destination is also outside India. |
9. | No. dated 1st March, 2011 | Transport of goods by Air – Value of fare included for Customs Duty exempted |
10. | No. dated 1st March, 2011 | Services provided in relation to Works Contract Service in Airports exempted. |
11. | No. dated 1st March, 2011 | Works Contract Service wholly in Airports exempted. |
12. | No. dated 1st March, 2011 | Export of Services Rules amended. Re arrangement of services |
13. | No. dated 1st March, 2011 | Taxation of Services (Provided from Outside India and Received in India) Rules, 2006 amended. Re arrangement of services |
14. | No. dated 1st March, 2011 | Interest on delayed payment of Service Tax to be 18% |
15. | No. dated 1st March, 2011 | Service Tax – Interest on amount collected in excess – to be 18%. |
16. | No. dated 1st March, 2011 | Transport of Coastal goods – abatement to be 75%. |
17. | No. dated 1st March, 2011 | Exemption for Services to SEZ – Complicated refund procedure – Notification No.9 /2009-ST superseded. |
18. | No. dated 1st March, 2011 | Point of Taxation Rules 2011 notified. |
Until Tomorrow with more DDT
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