https://www.taxtmi.com/circulars?id=4138 The Finance Bill, 2008 and associated notifications enact broad excise and customs restructuring: reduction of the general CENVAT rate and targeted sectoral excise cuts and exemptions (pharmaceuticals, automobiles, food processing, IT, paper), imposition/withdrawal of NCCD on specified items, customs duty adjustments to promote exports/domestic industry and alignment of temporary import regimes, together with statutory amendments expanding recovery, penalty, summons and interest/refund provisions, and CENVAT Rule changes prescribing credit rules, reversal options and penalties, accompanied by mandatory reporting and monitoring requirements for field formations. en-us Fri, 29 Feb 2008 00:00:00 +0530 Wed, 24 Sep 2008 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4138 The Finance Bill, 2008 and associated notifications enact broad excise and customs restructuring: reduction of the general CENVAT rate and targeted sectoral excise cuts and exemptions (pharmaceuticals, automobiles, food processing, IT, paper), imposition/withdrawal of NCCD on specified items, customs duty adjustments to promote exports/domestic industry and alignment of temporary import regimes, together with statutory amendments expanding recovery, penalty, summons and interest/refund provisions, and CENVAT Rule changes prescribing credit rules, reversal options and penalties, accompanied by mandatory reporting and monitoring requirements for field formations. Circulars Central Excise Fri, 29 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4138