TaxTMI 
TaxTMI 
what is the effective date of the modifications made in the chapter notes to CETA vide Union Budget 2011?
budget change-effective date
02 May 2012 
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Effective date of chapter note amendments: enactment triggers effect unless Memorandum specifies immediate application, impacting provisional tax collection timing.
Effective date of amendments to chapter notes ordinarily follows enactment of the Finance Bill into the Finance Act, but where the Memorandum to the Finance Bill specifies immediate effect, those chapter note changes come into force on the date stated in the Memorandum. Where a chapter note results in levy of excise duty (for example by defining a deemed manufacturing process), the Provisional Collection of Taxes Act and midnight timing for provisional collection may affect when provisional collection is applicable. (AI Summary)
Effective date of amendments to chapter notes ordinarily follows enactment of the Finance Bill into the Finance Act, but where the Memorandum to the Finance Bill specifies immediate effect, those chapter note changes come into force on the date stated in the Memorandum. Where a chapter note results in levy of excise duty (for example by defining a deemed manufacturing process), the Provisional Collection of Taxes Act and midnight timing for provisional collection may affect when provisional collection is applicable. (AI Summary)