https://www.taxtmi.com/circulars?id=7550 Post-budget amendments adjust tariff and indirect tax mechanisms: nominal tariff increases for certain edible fats; delegation of the method for ascertaining retail sale price (RSP); expansion of service tax coverage to light motor vehicles. Customs measures reduce basic duty on selected commodities, expand concessional import lists for capital goods and textile machinery, and introduce end-use contingent exemptions from special additional duty. Central excise implements turnover-based exemptions and rate changes for textile and select goods, revises specific duties on edible oils and vanaspati, grants targeted exemptions, and amends CENVAT Credit Rules relating to stock declaration date. Administrative guidance stresses non-harassment and acceptance of unit declarations for input credit. en-us Wed, 30 Apr 2003 00:00:00 +0530 Tue, 15 Sep 2009 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7550 Post-budget amendments adjust tariff and indirect tax mechanisms: nominal tariff increases for certain edible fats; delegation of the method for ascertaining retail sale price (RSP); expansion of service tax coverage to light motor vehicles. Customs measures reduce basic duty on selected commodities, expand concessional import lists for capital goods and textile machinery, and introduce end-use contingent exemptions from special additional duty. Central excise implements turnover-based exemptions and rate changes for textile and select goods, revises specific duties on edible oils and vanaspati, grants targeted exemptions, and amends CENVAT Credit Rules relating to stock declaration date. Administrative guidance stresses non-harassment and acceptance of unit declarations for input credit. Circulars Central Excise Wed, 30 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7550