11/2008- Cus ( N.T. )

01-03-2008

Amends the First Schedule to the Customs Tariff Act.

Amends Notification No.21 /2006- Cus . Dated 01.03.2006.

Amends Notification No.21 /2002- Cus . dated 01.03.2002.

Exemption to Textile Articles from NCCD .

Amends Notification No.19 /1965- Cus dated 06.02.1965 regarding percentage of import duty for draw back.

Amends Notification NO.84 /1997- Cus dated 11.11.1997 – exemption to UN Finance Projects.

Makes certain amendments to Notification No.25 /1999- Cus . dated 28.2.1999.

Exempts goods falling under 851712 (Cell Phones) from NCCD .

Amends Notification No.27 /2002- Cus . dated 01.03.2002 – Exemption to re-exported goods.

Amends Notification No.171 /1993- Cus . dated 16.09.1993 – Technical correction – Duty free imported gifts.

Supersedes Notification No.77 /2003- Cus . dated 14.05.2003 – exempts additional duty equal to NCCD on all goods except Cell Phones.

Amends the CENVAT Credit Rules, 2004 – controversial, complicated and impossible Rule 6 introduced ; general penalty increased to Rs.5000 /-

Amends the First Schedule to the Central Excise Tariff Act – mainly to defeat judicial verdict. “Labeling or re-labeling of containers and re-packing” changed to “labeling or re-labeling of containers or re-packing”. Now both labeling and re-packing are not required, one would be enough.

Amends Notification No.3 /2006-CE (NT) dated 02.06.1998 – Tariff value.

Prescribes Rules for determining the value of goods covered under Section 4A ( RSP )

Prescribes the abatement rates for goods covered under RSP .

Prescribes effective rate of duty of 14% on most of the goods.

Amends Notification No.03 /2006-Central Excise dated 01.03.2006 – specifies effective rate of duty on certain products

Amends Notification No.04 /2006-Central Excise dated 01.03.2006 – specifies effective rate of duty on certain products

Specifies effective rate of 8% duty on open tap sanitary cans and 14% on certain other items – amends notification No.05 /2006 Central Excise dated 01.03.2006

Amends Notification No.06 /2006-Central Excise dated 01.03.2006 – specifies effective rate of duty on certain products

Amends Notification No.64 /1995 Central Excise dated 16.03.1995 – exempts certain goods for use in satellite project of ISRO

Amends Notification No.08 /2003-Central Excise dated 01.03.2003 to include goods falling under Chapter 39 in the SSI Exemption

Amends Notification No.21 /2005-Central Excise dated 13.05.2005 – exemption from NCCD

Amends Notification No.23 /2003-Central Excise dated 31.03.2003 - increases excise duty payable for DTA clearances from EOUs

Amends Notification No.49 /2003-Central Excise dated 10.06.2003 – Uttarakhand and Himachal exemption

Amends Notification No.49 /2006-Central Excise dated 30.12.2006 – effective rate of duty on computer software increased from 8 to 12%

Amends Notification No.108 /1995-Central Excise dated 28.08.1995– clarification on goods supplied to UN Financed projects.

Textiles – exemption from NCCD .

Service Tax Rules amended – provision for optional advance payment of tax; excess tax paid can be adjusted upto Rs.1,00,000 /- instead of Rs.50,000 /- ; revised return can be filed within 90 days instead of 60 days; penalty may be waived if the tax payable is nil.

Export of services through internet – deemed as service performed outside India

Import of services through internet – deemed as service performed in India .

Composition of Works Contract – tax increased from 2% to 4%.

Small Scale exemption limit enhanced to ten lakhs rupees

Registration to be taken on turn over crossing rupees nine lakhs.

Registration to be taken on turn over crossing rupees nine lakhs.

Amends Notification No.32 /2005: Registration to be taken on turn over crossing rupees nine lakhs.

Amends Notification No.01 /2006-Service Tax dated 01.03.2006 – deletes GTA from the abatement scheme.

Exempts 75% of the tax payable by GTA without any conditions

Exempts Service relating to booking of Hotel Accommodation from abroad

Have you evaded Service Tax ? The Department is going to publish your name and other details in the official gazette, print and electronic media. Already many of the Commissionerates and Directorates are doing this. There was a D GS T who would reel out the names of alleged offenders at every meeting he addressed and his list would invariably contain the top public sector units of India . By a recent letter the Board had confirmed that the Department of Posts is an offender. May be the Department can publish in the Gazette as well as print and electronic media that Madam Pratibha Patil in her capacity as the President of India representing the Postal Department is an offender.