Dear Sir, On the export of Mica Customs charges cess @ 3.5% since last 40/50 years. What is the use of this cess? shankar daruka
Use of cess @ 3.5%
Asked by
Cess on exports questioned over its purpose; legislative clarification required for use and allocation of funds.
Customs has long imposed a cess @ 3.5% on the export of mica. The operative question is the purpose, use and allocation of proceeds collected under that cess, and whether administrative authorities can explain its application; the only authoritative source for the policy rationale and lawful destination of those funds is the legislature. (AI Summary)
Customs has long imposed a cess @ 3.5% on the export of mica. The operative question is the purpose, use and allocation of proceeds collected under that cess, and whether administrative authorities can explain its application; the only authoritative source for the policy rationale and lawful destination of those funds is the legislature. (AI Summary)
TaxTMI 