Customs duty changes and concurrent CVD concession clarified; excise rules and service tax exemptions for select social schemes revised. Amendments implement Finance Bill, 2015 measures revising Customs tariffs (BCD increases and reductions, selective BCD exemptions, reduced export duty on certain iron ore fines, and withdrawal of some additional duty exemptions), restructure Central Excise duties and capacity rules (tobacco packing machines speed bands, withdrawal of specified input exemptions, narrowed concessional rates for computer components, and withdrawal of certain defence-related exemptions), clarify simultaneous availment of BCD and concessional or exempt CVD for specified imports, amend CENVAT Credit Rules to allow use of education cesses credit for basic excise duty in prescribed cases, and exempt services under specified government social schemes from service tax.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs duty changes and concurrent CVD concession clarified; excise rules and service tax exemptions for select social schemes revised.
Amendments implement Finance Bill, 2015 measures revising Customs tariffs (BCD increases and reductions, selective BCD exemptions, reduced export duty on certain iron ore fines, and withdrawal of some additional duty exemptions), restructure Central Excise duties and capacity rules (tobacco packing machines speed bands, withdrawal of specified input exemptions, narrowed concessional rates for computer components, and withdrawal of certain defence-related exemptions), clarify simultaneous availment of BCD and concessional or exempt CVD for specified imports, amend CENVAT Credit Rules to allow use of education cesses credit for basic excise duty in prescribed cases, and exempt services under specified government social schemes from service tax.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
