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of <h1>Finance Ministry Sets Up Advisory Committee to Review Excise Duty and Service Tax Abatement Requests with Required Data.</h1> The Ministry of Finance established an Advisory Committee to assess requests for increased abatement of excise duty and service tax, following the Finance Minister's 2005-06 Budget Speech. The government has received numerous requests from trade and industry sectors seeking higher abatement levels, but many lack the necessary data to justify such changes. To expedite the Advisory Committee's review process, it is mandated that all requests be accompanied by comprehensive data, including trade practices, sales patterns, and calculations based on recent industry data. Trade and Industry Associations are urged to instruct their members to comply with these requirements.
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