TIOL-DDT 562 · the untouched capture
Rendered as it looked. Links and images are disabled in this view; the file itself is untouched.
<html>
<head>
<meta http-equiv=Content-Type content="text/html; charset=windows-1252">
<title>Taxindiaonline's DDT 402</title>
</head>
<body >
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399" size="3">TIOL-DDT
562</font><br>
01.03.2007<br>
Thursday</b></font></p>
<p align=center><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>What
a budget!</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Budget speeches
are like mini-skirts:</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. What they reveal
is interesting but what they conceal is downright fascinating.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. what they reveal
is trivial, what they conceal is vital</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. What they hide
is much more important that <b>what they reveal</b>.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. <b>What they
reveal</b> is suggestive, but what they conceal is vital.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Did the FM tell
you that</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Duty on tooth
brush is increased to 16%?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. The Customs
valuation is to undergo a massive change?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. Book does not
include business directory?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. Goods will include
software?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. <i>Ujagar prints</i>
and <i>Pawan Biscuits</i> are no more relevant cases?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. ‘Settlement’ with
the Commission is now difficult.?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">7. If the Settlement
Commission does not settle your case within a time frame, you lose the case.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">8. you can settle
only once in your life time?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">9. Former Members
of the Tribunal cannot appear before the Tribunal.?</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">10. e payment
excise duty is made mandatory?</font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">TIOL
is grateful</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">What a response
from the netizens!. We are simply floored. We had the best names in the field
doing our budget analyses with unbelievable accuracy ranging from the Doyen
of Consulting in this country through captains of Industry to ordinary observers.
We have been able to dissect the budget to the minutest level and bring you
incisive stories which we will continue to do in the next few days.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">TIOL is truly grateful
to all the great writers!</font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">How
they reported our budget</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Here is a sample
of how the foreign press reacted to our budget</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>BBC</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:place><st1:country-region>India</st1:country-region></st1:place>'s
Finance Minister Palaniappan Chidambaram - who has a reputation for favouring
market-friendly economic policies - presented a distinctly left-of-centre federal
budget on Wednesday. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It was in keeping
with the ideological inclinations of the ruling United Progressive Alliance
(UPA) government that is crucially dependent on support from its communist allies.
</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">At a time when
the economy of the world's second most populous nation is growing at about 9%
a year for the second year in succession, Mr Chidambaram's budget upped government
expenditure on agriculture, rural development, irrigation, education, health-care
and road construction</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>VOA News</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Analysts say the
Congress Party-led government has turned its focus to agriculture and inflation
after losses in two state elections this month. Discontent among poor people
hurt by rising food prices has been blamed for the party's defeat. Congress
faces more state elections this year, and general elections in 2009. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Daily Times – <st1:country-region><st1:place>Pakistan</st1:place></st1:country-region>
Indian defence budget unlikely to satisfy armed forces</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">India’s expected
rise in defence spending of around 7-8 percent was unlikely to make a dent in
the long shopping list of the world’s fourth largest military, defence officials
and analysts said on Tuesday, the eve of the country’s annual general budget. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">They pointed out
that the urgent need to improve healthcare, education and infrastructure
would check the ambitions of one the world’s biggest military spenders, despite
talk of an arms race with <st1:country-region>Pakistan</st1:country-region> and <st1:country-region><st1:place>China</st1:place></st1:country-region>.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:country-region><st1:place>India</st1:place></st1:country-region>
raised its defence budget by 7 percent to Indian Rs 890 billion (US $20 billion)
for the year ending March 2007, as part of ongoing plans to modernize its 1.3-million
strong military.<br>
<br>
A top defence official said: “The increase in defence allocation is expected
to be around the same levels, seven or eight percent, to keep it at around 2.4
or 2.5 percent of GDP (gross domestic product). Of course, it won’t be enough,
but that has been the trend.” </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">But slow decision-making
and a lack of strategic planning means that some of the money may not even be
spent, as has been the case in the past.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><st1:country-region><st1:place>India</st1:place></st1:country-region> has
pegged its military spending at around 2.5 percent of GDP - estimated at
around $920 billion in January - although both the country’s armed forces
and defence experts have for years clamoured for expenditure to be set at
3 percent of GDP. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Defence officials
noted that both <st1:country-region>Pakistan</st1:country-region> and <st1:country-region>China</st1:country-region>
spent around 5 percent of their GDP on defence, pointing out that <st1:City><st1:place>New
Delhi</st1:place></st1:City> had to keep pace despite peace on both frontiers.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">They also pointed
out that <st1:country-region><st1:place>Pakistan</st1:place></st1:country-region>
had been on its own modernisation spree, particularly of its air force, and
continued to eye more American F-16 fighters and Chinese JF-17 Thunders and
the J-10 aircraft.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Yet despite booming
economic ties between <st1:country-region>India</st1:country-region> and <st1:country-region>China</st1:country-region>,
<st1:City><st1:place>Beijing</st1:place></st1:City> remained a worry due to
its regular defence spending boosts and muscle flexing in the form of next-generation
weapons, such as the anti-satellite missile. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
Nevertheless, analysts appeared divided on whether <st1:country-region><st1:place>India</st1:place></st1:country-region>
was demonstrating restraint on the defence expenditure front. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">According to Harsh
Pant, who teaches defence studies at King’s College, <st1:City><st1:place>London</st1:place></st1:City>: “Unless
adequate provisions are made for defence, no state will be able to pursue
its developmental agenda. This is much more important for a country like <st1:country-region><st1:place>India</st1:place></st1:country-region> .
. . with two of its ‘adversaries’ straddling it on two sides of its borders
and problems on all sides of its periphery. Given that, its defence expenditure
remains rather modest.” However, the New Delhi-based expert of Jane’s Defence
Weekly, RahulBedi said that <st1:country-region><st1:place>India</st1:place></st1:country-region> was
engaged in “ad hoc” arming. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">“Whatever comes
into the market, <st1:country-region><st1:place>India</st1:place></st1:country-region> wants
to buy.” </font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Love
is a word – marriage
is a sentence</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">They say ‘love’ is
a word but marriage is a sentence (often for life). In a case before, the
CESTAT, Revenue argued that marriage is a social contract, but the Tribunal
held that it is well settled position from the time immemorial that, marriage
is sacred. The whole dispute is about Service Tax on Mandap Keepers. Now
in this budget, revenue has brought in a clarification that <b>“social function” includes
marriage.</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> Is marriage an
event? Yes, if somebody is orqanising the vent of marriage he is an event
manager and liable to tax. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">What happens if the event is death? Does managing a funeral
amount to performing a taxable service? In India death is also a very important
event (at least for the survivors) and there are persons who undertake to do
the whole job from finding people to carry the body to immersion of the ashes
in some holy river, accompanied by chant of Vedic hymns.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Will Service Tax sleuths chase corpses or will we have a Range
in one of those burial grounds?</font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Will Service Tax department
pay Service Tax for its offices?</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Many of the Service Tax offices in the country are located in
rented premises. Now renting of immovable property is liable to Service Tax.
Will these Service Tax offices pay Service Tax to their landlords and collect
Service Tax from them? There is no tax on property rented to or by religious
bodies. should there be some such exclusion for and by Government?</font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">Budget Notifications at
a glance</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">With every provision of the budget having been explained in
detail, what more can DDT add? Here is the list of Budget Notifications and
briefly what those notifications are about.</font></p>
<div align=center>
<table border=1 cellspacing=0 cellpadding=0>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification
No.</strong></font></p></td>
<td width=363 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Subject</strong></font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_03.pdf">03/2007-CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends
Notification No.3/2006. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Sl.No.18A
inserted- Biscuits whose retail price not exceeding Rs. 50/- Duty
is NIL </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Sl.No.29A
inserted-All goods falling under 21069020 rate of duty 16%</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Sl.No.30A
inserted-All kinds of food mixes, including instant food mixes falling
under 210690 rate of duty – Nil</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Beedi manufacturers
to file declaration</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_04.pdf">04/2007-CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notification. No. 4/2006.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cement
whose retail price not exceeding <b>Rs.190</b> per 50 kg bag or Rs.3,800/-
per tonne manufactured in mini cement plant reduced to <b>Rs.220/-</b>
per metric tonne.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Other Cement
to attract Rs. 400/- duty</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_05.pdf">05/2007-CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notification 5/</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Umberellas
and sun Umberellas falling under 6601 – <b>8%</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> </font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_06.pdf">06/2007-CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notification NO. 6/2006 dated 1-3-2006 </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Machinery
used in the plantation sector – exemption was to lapse in 1.5.2007,
now extended till 1.5.2009.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Water Purification
Equipment exempted.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Air craft
exemption</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_07.pdf">07/2007-CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notification No.3/2005- Preparations for infant use put up in
unit containers falling under 1901 90 90 – Rate of duty – NIL </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Furskin
exemption withdrawn</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_08.pdf">08/2007-CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">SSI
exemption enhanced to “One hundred Fifty Lakh Rupees”</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_09.pdf">09/2007-CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Pan
Masala additional duty to be <b>6%</b></font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_10.pdf">10/2007-CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notification No.10/2006 CE dated 1-3-2006 – In the Table Sl.No.35
– Omitted. <b>(Tooth Brushes now attract 16%)</b></font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_11.pdf">11/2007
CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">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</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_12.pdf">12/2007-CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">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% </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) Optional
Excise duty on Nylon Fishnet twine falling under 5607 50 10 increased
to 12% </font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_13.pdf">13/2007
CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notfn No.30/2004 CE dated 9-7-2004 – Entries relating to Sl.No.7
substituted</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(2) Optional
Excise duty on made up Fishing Nets falling under 5608 11 imposed – 12%
adv.</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a
href="file:///C:\Documents%20and%20Settings\TOSHIBA\Desktop\DDT%20562\doc%20files\excise_tariff1\etariff07_14.htm">14/2007
CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Goods
manufactured and cleared from M/s Brahmaputra Cracker & Polymer
Ltd., <st1:place><st1:country-region>Assam</st1:country-region></st1:place>
are wholly exempted for a period not exceeding 10 years from the date
of commencement of commercial production.</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_15.pdf">15/2007
CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">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</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007etariff07_16.pdf/">16/2007
CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">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.</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007/etariff07_17.pdf">17/2007
CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">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/- </font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfnoti/pdfexcise/pdf2007etariff07_18.pdf/">18/2007
CE</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">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.</font></p></td>
</tr>
</table>
<p align="justify"> </p></div>
<div align=center>
<table border=1 cellspacing=0 cellpadding=0>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification
No.</strong></font></p></td>
<td width=363 valign=top> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Subject</strong></font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt0807.pdf">08/2007</a></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt0807.pdf">C.E.
(N.T.)</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">i)
Amendment to <b>Rule 8 of Central Excise Rules, 2002 </b>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.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ii) Amendment
to <b>Rule 11 of Central Excise Rules, 2002 </b>– Goods removed on invoice
– With effect from 1.4.2007 shall contain the Registration No., Address
of the concerned Central Excise Division.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">iii) Amendment
to <b>Rule 21 of Central Excise Rules, 2002 </b>– Remission of duty
– Enhancement of monitory limits.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">iv) Amendment
to <b>Rule 25 of Central Excise Rules, 2002 </b>– 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.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">v) Amendment
to <b>Rule 26 of Central Excise Rules, 2002 </b>–“rupees ten thousand”,
the words, “two thousands rupees” shall be substituted.</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt0907.pdf">09/2007</a></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt0907.pdf">C.E.
(N.T.)</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">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.</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1007.pdf">10/2007</a></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1007.pdf">C.E.
(N.T.)</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to <b>Cenvat Credit Rules</b></font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1107.pdf">11/2007</a></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1107.pdf">C.E.
(N.T.) </a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to <b>Rule 3 of Central Excise Rules, 2002 </b>– 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.</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1207.pdf">12/2007</a></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1207.pdf">C.E.
(N.T.)</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CVD
included in the definition of duty for rebate.</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1307.pdf">13/2007</a></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1307.pdf">C.E.
(N.T.)</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Refund
of CENVAT</b> – 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.</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1407.pdf">14/2007</a></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1407.pdf">C.E.
(N.T.)</a></font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notification 2/2006-C.E.(N.T.) dated 1.3.2006 – Section 4A revising
the rate of abatements </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. All
Goods Falling under 2106 90 20 <b>44%</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Pan
Masala containing Tobacco </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> falling
under 2403 <b>50%</b></font></p></td>
</tr>
</table>
<p align="justify"></p>
</div>
<div align=center>
<table width="450" border=1 cellpadding=3 cellspacing=0>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification
No.</strong></font></p></td>
<td width=369 valign=top> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Subject</strong></font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/cexnt1107.pdf">20/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">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,</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">55,66,71,84,85</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Food processing
machinery and their parts</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Presses
and other machinery falling under 84793000</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Withdrawal
of exemption on recorded magnetic films used for producing TV serials-
<b>Attract peak rate of customs duty.</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Withdrawal
of exemption on specified gods used in fly ash, phosphogypsum - <b>Attract
peak rate of customs duty.</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Withdrawal
of exemption for professional television cameras, audio recording equipment,
video editing machines</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Withdrawal
of exemption from CVD on specified parts of set up boxes</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Withdrawal
of exemption on Aircrafts and parts imported for private use or by non-scheduled
operators</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Reduction
in duty on dredgers, watch dials and watch movements </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Concessional
rate of duty of 5% extended to 15 additional equipment for use in
R & D in pharmaanmd bio-technology sectors</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a
href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_021.htm">21/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Duty
of 10 % retained on goods falling under chapter</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">28,32,39,54,55</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Reduction
in rate of duty in respect of goods falling under 72,90</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a
href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_022.htm">22/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Rescinds
Notification 15/2005-Cus dated 1.3.2005</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a
href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_023.htm">23/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Edible
grade vegetable oils and their edible grade fractions – Exemption
for 4% additional duty of Customs</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a
href="file:///C:%5CDocuments%20and%20Settings%5CTOSHIBA%5CDesktop%5CDDT%20562%5Cdoc%20files%5CCustoms%20Tariff%20HTML%5Ccustariff24.htm">24/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">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 </font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_025.htm">25/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amending
Notification 100/89 Imposition of Export duty</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_026.htm">26/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notification 25/2005</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_027.htm">27/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cess
notification</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_028.htm">28/2007-
CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Cess – Amendment
to Notification 69/2004-Secondary and Higher Education cess</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_029.htm">29/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Extension
of period of validity of exemption notification in respect of parts,
components and accessories of mobile handsets including cell phones</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_030.htm">30/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Digital
cinema development projects notified under 9801-To be assessed to customs
duty as project Imports. </font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_031.htm">31/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends
Notification 42/96 - Digital cinema development projects notified under
9801-To be assessed to customs duty as project Imports.</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_032.htm">32/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Baggage provisions of Notification 49/96</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_033.htm">33/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notification 27/2004</font></p></td>
</tr>
<tr>
<td width=84 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_034.htm">34/2007-CUS</a></font></p></td>
<td width=369 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amendment
to Notification 39/96</font></p></td>
</tr>
</table>
</div>
<br clear=all>
<table width="450" border=1 align="center" cellpadding=3 cellspacing=0>
<tr>
<td width=574 colspan=3 valign=top> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Service
Tax</b></font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Notification
No.</strong></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Date</strong></font></p></td>
<td width=363 valign=top> <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Subject</strong></font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st0107.pdf">01/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends
Service Tax Rules- adjustment of excess payment; revised returns</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st0207.pdf">02/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Export
of Services Rules, 2005 amended to bring more clarity on conditions
prescribed</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st0307.pdf">03/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amends
36/2004 - sponsorship service</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st0407.pdf">04/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Small
scale exemption enhanced to 8 Lakhs</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st0507.pdf">05/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Registration
after turnover of Rs. 7 Lakhs</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st0607.pdf">06/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Registration
after turnover of Rs. 7 Lakhs</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st0707.pdf">07/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Registration
after turnover of Rs. 7 Lakhs</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st0807.pdf">08/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption
to Residential welfare Association if monthly subscription is less than
Rs 3000.</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st0907.pdf">09/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption
for Technology Business Incubator</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st1007.pdf">10/2007</a></font></p></td>
<td width=86 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption
for Technology Business Incubator</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st1107.pdf">11/2007</a></font></p></td>
<td width=92 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption
for testing and analysis of newly developed drugs</font></p></td>
</tr>
<tr>
<td width=119 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/pdfdocs/st1207.pdf">12/2007</a></font></p></td>
<td width=92 valign=top> <p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif">01.03.2007</font></p></td>
<td width=363 valign=top> <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Exemption
to films transmitted to cinema theatres through satellite. </font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_025.htm"><font color="#FF6666">Until
tomorrow with more DDT </font></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_025.htm"><font color="#FF6666">Have
a nice day. </font></a></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=23&filename=notification/custom/2007/ctariff07_025.htm"><font color="#FF6666">Mail
your comments to</font> vijaywrite@taxindiaonline.com</a></font></p>
</body>
</html>