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of <h1>India Withdraws 2007 Pan Masala Tax Scheme Under Rule 15, Effective Immediately</h1> The Government of India, through the Ministry of Finance, has rescinded Notification No. 38/2007-Central Excise, dated December 19, 2007, which pertained to the optional compounded levy scheme on pan masala. This action, effective immediately, was executed under the authority of Rule 15 of the Central Excise Rules, 2002. The rescission was officially published in the Gazette of India, Extraordinary, and is documented under Notification No. 44/2008-Central Excise, dated July 16, 2008.
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