TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2010: Customs Duty on SEZ Electrical Energy Raised to 16%, Exempt from 4% Countervailing Duty.</h1> Clause 60 of the Finance Bill, 2010 amends notifications G.S.R. 118(E) and G.S.R. 92(E) under section 25(1) of the Customs Act, with retrospective effect from June 26, 2009. The amendment increases customs duty from nil to 16% on electrical energy moved from Special Economic Zones to Domestic Tariff Areas or non-processing areas within such zones, while maintaining a nil rate for other supplies. It also exempts electrical energy from the 4% Special Countervailing Duty under section 3(5) of the Customs Tariff Act. Legal proceedings related to these changes are barred, and recovery of unpaid amounts is mandated.
TaxTMI 
TaxTMI 
