TIOL-DDT 1817 · the untouched capture
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<p align="center"><font color="#663399"><strong><font size="3" face="Verdana, Arial, Helvetica, sans-serif">Special Budget 2012 Edition </font></strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3">TIOL-DDT 1817</font><br>
17.03.2012 <br>
Saturday </strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Budget 2012 - Atlas Shrugged? </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/atlas.png" alt="Legal Corner Icon" width="71" height="97" hspace="5" border="0" align="left"><strong>THIS</strong> is a picture given in the ”key features of Budget 2012-2013” in <a href="http://indiabudget.nic.in"><strong>http://indiabudget.nic.in</strong></a>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This looks like a picture of a struggling Atlas not being able to bear the weight of the Earth he is carrying on his shoulders. When the weight of the Earth is unbearable, what does Atlas do? SHRUG and nothing else! That seems to be the plight of the Indian taxpayer struggling to carry the weight of a Government he can at best ill afford. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But in Ayn Rand's 1957 novel, the Nation's most enterprising citizens refuse to be exploited by increasing taxation and government regulations and disappear with a hope to demonstrate that a world in which the individual is not free to create is doomed, that civilization cannot exist where every person is a slave to society and government, and that the destruction of the profit motive leads to the collapse of society. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The poor Indian Atlas is about to shrug with the unbearable Government load on him and if he shrugs …….. ? </font></p>
<p><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Welcome to this Special Budget Edition of DDT</font></strong></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">A great Job by the Revenue Officers </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Officers of the Indian Revenue Service in both the Boards have done a commendable job. It is not an easy task to draft all these complicated Bills and notifications, especially in the Indirect Taxes. The Himalayan task they had so silently executed is incredible. The Legislative wing of CBEC is called Tax Research Unit (TRU) and the bright boys in TRU has done tremendous research and for one tenth of this work, they would get Ph.D from the best universities. In all this maddening work, the JS, TRU in charge of Service Tax, VK Garg has not lost his touch of humour when he says in his DO Letter, “<em>It is said that in matters relating to taxes, questions rarely change, but the answers do. Budget 2012 has, however, changed a number of questions relating to service tax</em>.” </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>DDT</strong> salutes these sincere stalwarts. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">But there are Blunders! </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=12451"><strong>DDT 1599 - 02.05.2011</strong></a>, screamed, “<strong>Retrospective Bungling by TRU</strong> <strong>– Even Parliament Not Spared</strong>”. This was about the Finance Bill trying to retrospectively amend the Third Schedule to the Central Excise Tariff Act, when the Central Excise Tariff Act does not have a Third Schedule. So, our bright boys made Parliament amend a Schedule that did not exist. This is clearly contempt of Parliament! </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Nothing happened after we pointed out this Himalayan Blunder – Poor boys, they simply could not do anything. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">To add insult to injury, nine Commissioners under the Chairmanship of the JS, TRU discussed this impossible and non existent statute. (Please see <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=13335"><strong>DDT 1705 03.10.2011</strong></a>) </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In this Budget, the Revenue Babus did what they are best at – they corrected their mistake retrospectively. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">See Clause 156 of the Finance Bill 2012. By a complicated amendment, they rectified their mistake in such a clever way that nobody will ever understand what the mistake was and what the correction is. Brilliant boys indeed! </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Additions, Deletions – Not Updated</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>BOARD</strong> apparently does not have an updated copy of its own Notifications and Circulars. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">By Notification No. 43/2011-CX dated 30.12.2011, Sl. Nos. 34 and 35 were omitted from the Table to Notification No. 2/2011 – Cx dated 01.03.2011. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now, they are again omitted by Notification No. 19/2012-Cx. How do you omit and omitted entry? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Likewise, in Clause 143(K) of the Finance Bill, 2012, vide sub-clause (ii) a new sub-section (1A) is being introduced in section 73 of the Finance Act, 1994 to provide officers unlimited time to issue statements containing details of tax payable and deeming such statements as notices. This sub-section (1A) was omitted by virtue of section 74(D)(i) of Finance Act, 2011. Ideally, the new sub-section being introduced should have been numbered as sub-section (1B). Now, one may ask what is wrong in bringing in a new sub-section with a same number as that of an earlier omitted sub-section with the same number. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The provisions of sections 6, 6A and 7 of General Clauses Act, 1897 provide the answers for this. Assume for a moment that five years from now, there arises an express requirement to bring in a retrospective amendment to the text of the omitted sub-section (1A). How will that be possible, if in its place, a year from its omission from statute, a new sub-section is introduced with the same number? Then an exercise more complicated in expression than what we have seen in the new Clause (156) of Finance Bill, 2012 (dealt with above) would have to be undertaken in that regard. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Even in the TRU letter in reference to cement, they just copied and pasted last year's excerpts from last year's letter. We are carrying a separate article on this. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 7/2012 CENT amends Notification No. 49/2008 – CE; what they wanted to amend was Notification No. 49/2008 CENT! </font></p>
<p align="center"><font face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600" size="2">And a Gist of Notifications </font></strong></font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
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<td colspan="3" valign="top"><div align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CENTRAL EXCISE NON-TARIFF NOTIFICATIONS </strong></font></div></td>
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<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Sl. No. </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. & Date </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Subject </strong></font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_07.htm" target="_blank">No.7/2012-CE (N.T) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cigarettes, Portland Cement brought under Section 4A of Central Excise Act. Abatement to cigarettes. 35% abatement for all footwear. This Notification amends Notification No.49/2008 Central Excise dated 24.12.2008. Actually, it should amend Notification 49/2008 CE (NT). </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_08.htm" target="_blank">No.8/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Rule 8A, 12AA and Rule 12BB to substituted section 11AB with section 11AA. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_09.htm" target="_blank">No.9/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Fixes tariff value in respect of Articles of Jewellery falling under sub-heading No.7113 of the First Schedule to the Central Excise Tariff Act, 1985 at the rate of 30% of the transaction value declared in invoice. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_10.htm" target="_blank">No.10/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Chewing Tobacco and Un-manufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Amendment Rules, 2012. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_11.htm" target="_blank">No.11/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Pan Masala Packing Machines (Capacity determination and Collection of Duty) Rules, 2008. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_12.htm" target="_blank">No.12/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Form ER1 to insert Sl. No.9A – Credit taken from inter-unit transfer of credit under rule 10A of CENVAT Credit Rules, 2004. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_13.htm">No.13/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacturer of Excisable Goods) Amendment Rules, 2012. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_14.htm">No.14/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Notification No.45/2001-CE (NT) dated 26.06.2001. To substitute Section 11AB to section 11AA </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_15.htm">No.15/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Notification No.31/2007 CE (NT) dated 02.08.2007. To substitute Section 11AB with section 11AA. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_16.htm">No.16/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Notification No.42/2001 CE (NT) dated 26.06.2001. To substitute Section 11AB with section 11AA. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">11. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_17.htm">No.17/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Notification No.20/2001 CE (NT) dated 30.04.2001. To substitute Section 11AB with section 11AA. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">12. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/exnt12_18.htm">No.18/2012-CE (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends CENVAT Credit Rules </font></p></td>
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</table>
<font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
</font>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td colspan="3" valign="top"><div align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CENTRAL EXCISE TARIFF NOTIFICATIONS </strong></font></div></td>
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<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Sl. No. </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. & Date </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Subject </strong></font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_05.htm" target="_blank">No.5/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10% duty made 12% and 5% made 10% in Notification No. 23/2003 – CE dated 31.03.2003 </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_06.htm">No.6/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption to goods used for armed forces – raw material for bullet proof helmets added – Amends Notification No. 64.95-CE dated 16.03.1995 </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_07.htm">No.7/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cotton Goods 5% duty enhanced to 6%. Notification No. 29/2004-CE dated 09.07.2004 superseded. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_08.htm">No.8/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Ready Made Garments – Returned and cleared without duty – certain conditions changed – Notification No. 31/2011 dated 24.3.2011 amended. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In terms of notification No.31/2011-CE dated 24.3.2011, full exemption from Central Excise duty is available to duty-paid, branded ready-made garments and made-ups returned or brought back to the same factory or premises and cleared after being re-made, re-conditioned, re-packed or subjected to any other process, subject to the fulfillment of certain conditions. Certain procedural relaxations have been made in the operation of this exemption. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The exemption will now be available to goods returned or brought back to any registered premises of the same brand owner/ manufacturer and not only to those returned to the same factory. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It would be available only if the goods are returned or brought back within a maximum period of one year from the date of their clearance. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It is clarified that the threshold limit of 10% of the aggregate value of clearances for home consumption in the preceding year is to be computed for each factory/ registered premises separately. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It has also been clarified that in computing this limit the value of goods cleared under the provisions of rule 16 of the Central Excise Rules are to be excluded. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Finally, duty-free clearance after the prescribed processes have been carried out on the returned goods is to be allowed on the basis of a declaration from the manufacturer that the goods are duty-paid. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_09.htm">No.9/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Effective rate of additional duty of Rs. 70 per thousand fixed for cigarettes. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_10.htm" target="_blank">No.10/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Effective rates of duty for cigarettes. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_11.htm">No.11/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Effective rate of NCCD for cigarettes. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_11.htm">No.12/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Concessional rates of duty vide Notification. Nos 3/2005-CE dated 24.2.2005, 3 to 6/2006-CE, all dated 1 st March, 2006, 10/2006-CE dated 1.3.2006; 2/2008-CE dated 1.3.2008; and 59/2008-CE dated 7.12.2008 – merged into a Single Notification. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_13.htm">No.13/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Pan Masala, Gutkha – Duty Per Machine Increased – Notification No. 42/2008 CE dated 01.07.2008 amended. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_14.htm">No.14/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Chewing tobacco, Zarda Scented Tobacco and Unmanufactured tobacco in pouches: Duty enhanced – Notification No. 16/2010 – CE dated 27.02.2010 amended </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">11. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_15.htm">No.15/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">SSI Exemption for the remaining part of 2011-12 for articles of jewellery of heading 7113 – tariff value to be the basis. Please see Notification No. 9/2012 – CENT dated 17.03.2012. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">12. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_16.htm">No.16/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1% duty enhanced to 2% - minor changes made in Notification No. 1/2011 dated 1.3.2011. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">13. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_17.htm">No.17/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Following Exemption Notifications rescinded. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">No.2/2008 -Central Excise, dated the 1 st March, 2008; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">No.59/2008 -Central Excise, dated the 7 th December, 2008; </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">No.18/2009-Central Excise, dated the 7 th July, 2009; </font></p>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">14. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_18.htm">No.18/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Effective Rate of 12% and 6% fixed for many items for which the Tariff Rates have also been reduced. But as the reduction in tariff does not have immediate effect, the reduction is brought into immediate effect by this notification, which will be rescinded when the Finance bill is enacted. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">15. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=30&filename=notification/excise/2012/etariff12_19.htm" target="_blank">No.19/2012-CE dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2% duty made 6%. Notification No. 2/2011 – CE dated 1.3.2011 amended. Sl. Nos 34 and 35 of the table again omitted. They were already omitted by Notification No. 43/2011 – CE dated 30.12.2001 </font></p></td>
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</table>
<br>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td colspan="3" valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CUSTOMS NON-TARIFF NOTIFICATIONS </strong></font></td>
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<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Sl. No. </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. & Date </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Subject </strong></font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2012/cnt12_020.htm" target="_blank">No.20/2012-Customs (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Acetate tow and Filter Rod – Exemption from Prohibition – Amendment to Notification No. 16/2011 Cus NT dated 1.3.2011. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2012/cnt12_021.htm">No.21/2012-Customs (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Duty Fee Baggage Allowance for passengers above ten years enhanced to Rs. 35,000 from Rs. 25,000 and for those below ten years from 12,000 to 15,000. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2012/cnt12_022.htm">No.22/2012-Customs (N.T.) dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996, amended. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Provision for Re-export of unutilized goods added; Quarterly Return instead of Monthly Return </font></p>
</td>
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<font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
</font>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td colspan="3" valign="top"><div align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CUSTOMS TARIFF NOTIFICATIONS </strong></font></div></td>
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<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Sl. No. </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. & Date </strong></font></p></td>
<td width="0" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Subject </strong></font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_010.htm" target="_blank">No.10/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A wrong Public Notice No. mentioned in Notification No. 27/2011- Customs, dated the 1st March, 2011, is corrected </font></p>
<p> </p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_011.htm" target="_blank">No.11/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption to goods used for armed forces – raw material for bullet proof helmets added – Amends Notification No. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">39/96-Customs, dated the 23rd July, 1996 </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_012.htm" target="_blank">No.12/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Perhaps the longest and most amended Customs Notification No. 21/2002 - Cus dated 1.3.2002 is superseded. The new Notification contains 521 items compared to 614 in Notification No. 21/2002. Some of the items in this exemption notification are valid after 1st April 2012 that is after just 15 days. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_013.htm" target="_blank">No.13/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Education Cess on CVD Exempted </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_014.htm" target="_blank">No.14/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Secondary and Higher Education Cess on CVD exempted. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_015.htm" target="_blank">No.15/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption from Customs Duty – Minor changes in Notification No. 25/2005-Customs, dated the 1st March, 2005 </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_016.htm" target="_blank">No.16/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption to goods imported for manufacture of certain finished goods – Notification No. 25/99 – Cus dated the 28th February, 1999, amended to delete certain items. </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_017.htm" target="_blank">No.17/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Project Imports – Certain new items added – Notification No . 42/96-Customs, dated the 23rd July, 1996, amended </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_018.htm" target="_blank">No.18/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Project Imports Regulations – Certain new items added </font></p></td>
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<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_019.htm" target="_blank">No.19/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption to dredgers </font></p></td>
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<tr>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">11. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_020.htm" target="_blank">No.20/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption to dredgers </font></p></td>
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<tr>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">12. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_021.htm" target="_blank">No.21/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Effective rates of SAD – Notification No. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">20/2006-Customs, dated the 1st March, 2006 superseded. </font></p></td>
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<tr>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">13. </font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2012/ctariff12_022.htm" target="_blank">No. 22/2012-Customs dated 17 th March, 2012 </a></font></p></td>
<td width="0" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Certain Notifications rescinded. </font></p>
</td>
</tr>
</table>
<br>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td colspan="3" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>SERVICE TAX NOTIFICATIONS </strong></font></p>
</td>
</tr>
<tr>
<td width="44" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Sl. No. </strong></font></p></td>
<td width="157" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification No. & Date </strong></font></p></td>
<td width="1022" valign="top"><p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Subject </strong></font></p></td>
</tr>
<tr>
<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_001.htm" target="_blank">No.01/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">AMENDS NOTIFICATION No. 42/2011 – Service Tax dated 25.7.2011 – Coop societies included in exemption </font></p></td>
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<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_002.htm" target="_blank">No.02/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rescinds Notification No. 8/2009 –Service Tax dated 24.02.2009 – Effective rate of 10% withdrawn from 01.04.2012 – Making the effective and tariff rate 12% </font></p></td>
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<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_003.htm" target="_blank">No.03/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Service Tax Rules </font></p></td>
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<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_004.htm">No.04/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Point of Taxation Rules </font></p></td>
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<tr>
<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_005.htm">No.05/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Notification No.6/2005 (Service Tax) (small service provider) aggregate value defined in terms of invoices issued instead of payments received </font></p></td>
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<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_006.htm">No.06/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">60% Abatement to Services provided by Air Craft operators for domestic or International Journey. (Taxable service under category zzzo) </font></p></td>
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<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_007.htm">No.07/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Notification No.7/2010-ST dated 27.02.2010 effective date extended from April to July. </font></p></td>
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<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_008.htm">No.08/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Notification No.8/2010-ST dated 27.02.2010 effective date extended to July 2012. </font></p></td>
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<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_009.htm">No.09/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends Notification No.9/2010-ST dated 27.02.2010 effective date extended to July 2012. </font></p></td>
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<td width="44" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10. </font></p></td>
<td width="157" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_010.htm" target="_blank">No.10/2012-ST dated 17 th March, 2012 </a></font></p></td>
<td width="1022" valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends works contract (Composition Scheme for Payment of Service Tax) Rules, 2007 – composition rate increased to 4.8% from 4% </font></p></td>
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<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">11.</font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_011.htm" target="_blank">No.11/2012-ST dated 17 th March, 2012 </a></font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Service Tax (Determination of Value) Rules, 2006 amended </font></td>
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<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">12.</font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_012.htm">No.12/2012-ST dated 17 th March, 2012 </a></font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> Exemption to certain services to be effective after Section 66B comes into force. </font></td>
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<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">13.</font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_013.htm" target="_blank">No.13/2012-ST dated 17 th March, 2012 </a></font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> Exemption to certain services to be effective after Section 66B comes into force. </font></td>
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<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">14.</font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_014.htm" target="_blank">No.14/2012-ST dated 17 th March, 2012 </a></font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> Exemption to service involving import of technology effective after Section 66B comes into force. </font></td>
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<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">15.</font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=40&filename=notification/servicetax/2012/stnot12_015.htm" target="_blank">No.15/2012-ST dated 17 th March, 2012 </a></font></td>
<td valign="top"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Extent of service tax payable thereon by the person liable to pay service tax effective after Section 66B comes into force. Notification No. 36/2004-Service Tax, dated 31 st December, 2004, to be superseded.
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<p align="left"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">We will bring you more Budget in the next few days</font></p>
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