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of <h1>Finance Act 2016 Enacted: Key Amendments from Union Budget 2016-17 Now Effective with New Notifications.</h1> The Finance Bill, 2016 received presidential assent on May 14, 2016, leading to the enactment of the Finance Act, 2016, which has been published in the Gazette of India. Certain amendments from the Union Budget 2016-17 became effective from this date. These include specific notifications such as Nos. 13/2016 - ST, 14/2016 - ST, and entries in Nos. 9/2016 - ST and 10/2016 - ST, dated March 1, 2016. The circular is addressed to various commissioners and directors within the customs, central excise, and service tax departments, highlighting the implementation of these changes.
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