Budget 2013-14 - Notifications

• Service Tax - 04/2013 - Dated: March 1, 2013

  Seeks to notify “the resident public limited company” as a class of persons under sub-clause (iii) of clause (b) of section 96A of the Finance Act, 1994.

• Service Tax - 03/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 25/2012- Service Tax, dated the 20th June, 2012, so as to make necessary amendments in the specified entries therein.

• Service Tax - 02/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 26/2012- Service Tax, dated the 20th June, 2012, so as to make necessary amendments in the specified entries therein.

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• Customs - (NT) - 25/2013 - Dated: March 1, 2013

  Notification No. 25/2013-Customs (N.T.), dated 01-03-2013 seeks to further amend notification No. 30/98-Customs (N.T.), dated 2nd June, 1998, so as to raise the value limit of Jewellery allowed duty free to an Indian passengers who has been residing abroad for more than one year.

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• Customs - 15/2013 - Dated: March 1, 2013

  Seeks to amend notification No.27/2011-Customs, dated the 1st March, 2011, so as to specify effective rates of export duty on specified goods.

• Customs - 14/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994, so as to exempt “Trophy” when imported into India by the National Sports Federation or any other registered sports body, for being awarded to the winning team in the international tournament to be held in India.

• Customs - 13/2013 - Dated: March 1, 2013

  Seeks to rescind the notifications No. 19/2012-Customs, dated the 17th March, 2012, and No. 20/2012-Customs, dated the 17th March, 2012

• Customs - 12/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 12/2012-Customs, dated the 17th March, 2012, so as to make necessary changes in the specified entries therein.

• Customs - 11/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 9/2012-Customs, dated the 9th March, 2012, so as to revise the variation limit in respect to height and circumference in case of re-import of cut and polished diamond

• Customs - 10/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 75/2005-Customs, dated the 22nd July, 2005 so as to make editorial changes in column (2) of S. No. 118, to align it with HS 2012

• Customs - 09/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 69/2004-Customs, dated the 9th July, 2004, so as to review the existing entries therein and make necessary changes.

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• Central Excise - 12/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 12/2012 – CE, dated the 17th March, 2012, so as to make necessary amendments in the specified entries thererin.

• Central Excise - 11/2013 - Dated: March 1, 2013

  Seeks to amend notification No.30/2004-CE, dated the 9th July, 2004, so as to provide ‘zero excise duty route’ to branded ready- made garments and made-ups.

• Central Excise - 10/2013 - Dated: March 1, 2013

  Amendment Notification No. 10/2013-CE Dated 01-03-2013

• Central Excise - 09/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 1/2011- CE, dated the 1st March, 2011, so as to omit the entry relating to specified goods.

• Central Excise - 08/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 7/2012- CE, dated the 17th March, 2012, so as to prescribe 6% rate of excise duty to branded readymade garments and made ups of cotton, not containing any other textile materials.

• Central Excise - 07/2013 - Dated: March 1, 2013

  Seeks to provide exemption to intermediate goods captively consumed in the manufacture of goods by units availing Area Based Exemption in the State of Himachal Pradesh and Uttarakhand

• Central Excise - 06/2013 - Dated: March 1, 2013

  Seeks to rescind notification No. 20/2011- CE, dated the 24th March, 2011 relating to 1% excise duty on Mobile handsets including Cellular phones.

• Central Excise - 05/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 17/2007- CE, dated the 1st March, 2007 so as to increase the compound levy rate of duty for Stainless pattis/pattas from Rupees Thirty Thousand to Rupees Forty Thousand per cold rolling machine, per month.

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• Central Excise - (NT) - 04/2013 - Dated: March 1, 2013

  Seeks to notify “the resident public limited company” as a class of persons under the sub-clause (iii) of clause (c) of section 23A of Central Excise Act, 1944.

• Central Excise - (NT) - 03/2013 - Dated: March 1, 2013

  Seeks to amend the notification No. 23/2004-CE (N.T.), dated 10th September, 2004, so as to provide a mode of recovery of CENVAT credit wrongly taken, under the CENVAT Credit Rules, 2004.

• Central Excise - (NT) - 02/2013 - Dated: March 1, 2013

  Seeks to further amend the notification No. 4/2002-CE (N.T.), dated 1st March, 2002 so as to make provision for interest on refund, subject to sub-rule (6), arising out of an order of final assessment under sub-rule (3) of rule 7 of the Central Excise Rules, 2002.

• Central Excise - (NT) - 01/2013 - Dated: March 1, 2013

  Seeks to amend notification No. 49/2008- CE (N.T.), dated the 24th December, 2008, so as to prescribe MRP based assessment with 35% abatement thereon, for branded medicaments used in Ayurvedic, Unani, Sidha, Homeopathic or Bio-Chemic systems and to align the tariff lines relating to Pressure Cooker with HS 2012 .

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 Circular / Clarification

Circulars / Instructions / Orders

• Service Tax - D.O.F. No. 334/3/2013-TRU - Dated: February 28, 2013

  Union Budget 2013: Changes in Service Tax-reg.

• Customsand Central Excise - D.O.F.No.334/ 3/2013-TRU - Dated: February 28, 2013

  Important changes in respect of Customs and Central Excise duty and legislative changes

Tax notifications: amendments to service tax, customs and central excise adjusting classifications, exemptions and assessment procedures. The 2013-14 budget notifications amend indirect tax frameworks by revising classifications, exemptions, rates and procedural mechanisms: service tax changes include notifying resident public limited companies and amending prior service tax notifications; customs amendments adjust duty free jewellery limits, export duty rates, HS alignment, exemptions for trophies and re import rules for diamonds; central excise changes introduce a zero duty route for branded garments, prescribe specific excise rates, rescind handset duty, increase compound levies, and prescribe MRP based assessment for certain medicaments.