Post Budget Notifications

By Vijay Kumar

JUST before the enactment of the Finance Bill 2013, the Government issued a few more notifications yesterday.

Central Excise

Jaggery Powder, Flattened Bamboo Boards, Bamboo flooring tiles charged to 1% (without CENVAT) OR 5% adv,; roofing tiles, particle/fibreboards manufactured from agricultural crop residues etc. exempted from Central Excise duty.

Notification 16/2013-CE dated 8 th May, 2013

Customs

LNG & Natural Gas imported by GAIL NTPC JV, Petronet extended conditional exemption. However, basic customs duty has been hiked by 2.5% for select goods of chapter 39, melting scrap of Iron or Steel, stainless steel scrap, aluminium scrap.

Notification 25/2013-Cus dated 8 th May, 2013.

Exemption to Brass Scrap from Additional duty of Customs withdrawn.

Notification 26/2013-Cus dated 8 th May, 2013