Amends Notification No.3/2006.

Sl.No.18A inserted- Biscuits whose retail price not exceeding Rs. 50/- Duty is NIL

Sl.No.29A inserted-All goods falling under 21069020 rate of duty 16%

Sl.No.30A inserted-All kinds of food mixes, including instant food mixes falling under 210690 rate of duty – Nil

Beedi manufacturers to file declaration

Amendment to Notification. No. 4/2006.

Cement whose retail price not exceeding Rs.190 per 50 kg bag or Rs.3,800/- per tonne manufactured in mini cement plant reduced to Rs.220/- per metric tonne.

Other Cement to attract Rs. 400/- duty

Amendment to Notification 5/

Umberellas and sun Umberellas falling under 6601 – 8%

Amendment to Notification NO. 6/2006 dated 1-3-2006

Machinery used in the plantation sector – exemption was to lapse in 1.5.2007, now extended till 1.5.2009.

Water Purification Equipment exempted.

Air craft exemption

Amendment to Notification No.3/2005- Preparations for infant use put up in unit containers falling under 1901 90 90 – Rate of duty – NIL

Furskin exemption withdrawn

SSI exemption enhanced to “One hundred Fifty Lakh Rupees”

Pan Masala additional duty to be 6%

Amendment to Notification No.10/2006 CE dated 1-3-2006 – In the Table Sl.No.35 – Omitted. (Tooth Brushes now attract 16%)

Amendment to Notification No.8/2004 CE dated 21-1-2004 – certain Tobacco products for specified units located in North East region – Exemption not available in respect of the goods cleared on or after 1-3-2007 – In respect of goods cleared by such units on or before 28-2-2007 conditions of the notification continue to apply

Amendment to Notification No.29/2004 CE dated 9-7-2004 – Optional Excise duty on Nylon Fishnet Fabric falling under 5401, 5404, 5405 00 00, 5407 and 5408 increased from 8% to 12%

(2) Optional Excise duty on Nylon Fishnet twine falling under 5607 50 10 increased to 12%

Amendment to Notfn No.30/2004 CE dated 9-7-2004 – Entries relating to Sl.No.7 substituted

(2) Optional Excise duty on made up Fishing Nets falling under 5608 11 imposed – 12% adv.

Goods manufactured and cleared from M/s Brahmaputra Cracker & Polymer Ltd., Assam are wholly exempted for a period not exceeding 10 years from the date of commencement of commercial production.

Amendment to Notification No.64/95 – Components, raw materials, tools, lubricants & propellants, scientific & Technical Instruments, Apparatus for systems & sub-systems of Launch vehicles and Satellite projects meant for ISRO

Amendment to Notification No.10/97- Exemption extended to supply of specified equipment, apparatus, accessories, parts, consumables, proto types etc., to all research institutions registered with department of scientific & Indl. Research, subject to specified conditions.

Supersession to Notification No.34/2001 – Optional compounded levy on Aluminium Circles produced from Sheets manufactured on cold rolling machines increased – from Rs.7,500/- & Rs.12,000/- to Rs.12,000/-

A secondary and higher education cess @ 1% of the aggregate of duties of excise have been imposed. The existing cess of 2% and proposed cess of 1% are to be excluded while calculating both the cesses.

i) Amendment to Rule 8 of Central Excise Rules, 2002 regarding manner of payment – Extension of deposit of duty electronically through internet banking for the assessee who has paid duty of Rs. 50 Lakhs or more, other than CENVAT Credit, in the preceding Financial Year.

ii) Amendment to Rule 11 of Central Excise Rules, 2002 – Goods removed on invoice – With effect from 1.4.2007 shall contain the Registration No., Address of the concerned Central Excise Division.

iii) Amendment to Rule 21 of Central Excise Rules, 2002 – Remission of duty – Enhancement of monitory limits.

iv) Amendment to Rule 25 of Central Excise Rules, 2002 – Confiscation and penalty – For “rupees ten thousand”, the words “two thousand rupees” shall be substituted with effect from the date of assent of the Finance Bill by President.

v) Amendment to Rule 26 of Central Excise Rules, 2002 –“rupees ten thousand”, the words, “two thousands rupees” shall be substituted.

Insertion of Rule 10A prescribing in the method of valuation in respect of goods manufactured or produced by Job Worker on behalf of a person.

Amendment to Cenvat Credit Rules

Amendment to Rule 3 of Central Excise Rules, 2002 – Powers exercisable by Board under Sub-rule (2) shall also be excised by Chief Commissioner for the purposes of adjudication of notices issued under the provisions of the said Act or the rules made thereunder within his jurisdiction.

CVD included in the definition of duty for rebate.

Refund of CENVAT – Either certification by the officer or Photocopy of Shipping Bill of export duly attested by him would be accepted. Notification No. 5/2006 – C.E.(N.T.) amended.

Amendment to Notification 2/2006-C.E.(N.T.) dated 1.3.2006 – Section 4A revising the rate of abatements

1. All Goods Falling under 2106 90 20 44%

2. Pan Masala containing Tobacco

falling under 2403 50%

Amendment to Notification 21/2002 – (1) Reduction of duty in respect of goods falling under chapter 5,13,15,17,22,23,25,27,28,29,,31,32,34,38,39,40,43,54,

55,66,71,84,85

Food processing machinery and their parts

Presses and other machinery falling under 84793000

Withdrawal of exemption on recorded magnetic films used for producing TV serials- Attract peak rate of customs duty.

Withdrawal of exemption on specified gods used in fly ash, phosphogypsum - Attract peak rate of customs duty.

Withdrawal of exemption for professional television cameras, audio recording equipment, video editing machines

Withdrawal of exemption from CVD on specified parts of set up boxes

Withdrawal of exemption on Aircrafts and parts imported for private use or by non-scheduled operators

Reduction in duty on dredgers, watch dials and watch movements

Concessional rate of duty of 5% extended to 15 additional equipment for use in R & D in pharmaanmd bio-technology sectors

Duty of 10 % retained on goods falling under chapter

28,32,39,54,55

Reduction in rate of duty in respect of goods falling under 72,90

Rescinds Notification 15/2005-Cus dated 1.3.2005

Edible grade vegetable oils and their edible grade fractions – Exemption for 4% additional duty of Customs

Amends Notification 51/96 -Concessional customs duty of 5% with full exemption additional duty for specified goods when imported by all research institutions registered with Department of Scientific & Industrial Research

Amending Notification 100/89 Imposition of Export duty

Amendment to Notification 25/2005

Cess notification

Cess – Amendment to Notification 69/2004-Secondary and Higher Education cess

Extension of period of validity of exemption notification in respect of parts, components and accessories of mobile handsets including cell phones

Digital cinema development projects notified under 9801-To be assessed to customs duty as project Imports.

Amends Notification 42/96 - Digital cinema development projects notified under 9801-To be assessed to customs duty as project Imports.

Amendment to Baggage provisions of Notification 49/96

Amendment to Notification 27/2004

Amendment to Notification 39/96

Amends Service Tax Rules- adjustment of excess payment; revised returns

Export of Services Rules, 2005 amended to bring more clarity on conditions prescribed

Amends 36/2004 - sponsorship service

Small scale exemption enhanced to 8 Lakhs

Registration after turnover of Rs. 7 Lakhs

Registration after turnover of Rs. 7 Lakhs

Registration after turnover of Rs. 7 Lakhs

Exemption to Residential welfare Association if monthly subscription is less than Rs 3000.

Exemption for Technology Business Incubator

Exemption for Technology Business Incubator

Exemption for testing and analysis of newly developed drugs

Exemption to films transmitted to cinema theatres through satellite.