https://www.taxtmi.com/circulars?id=11534 Specified clauses of the Finance Bill, 2012 have been declared to take provisional effect from the midnight of 16th/17th March, 2012 so that revised customs and central excise duty rates, notifications and valuation rules operate immediately pending enactment. The Circular summarises rate increases and restructurings (standard and merit excise rates, RSP/section 4A valuation for certain goods, tobacco slab adjustments, jewellery tariff-value levy), consolidation of exemption notifications, selective reliefs, amendments to Cenvat rules and procedural changes, and corresponding Customs Tariff and legislative amendments affecting classification, cognizability, and recovery mechanisms. en-us Fri, 16 Mar 2012 00:00:00 +0530 Sat, 17 Mar 2012 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11534 Specified clauses of the Finance Bill, 2012 have been declared to take provisional effect from the midnight of 16th/17th March, 2012 so that revised customs and central excise duty rates, notifications and valuation rules operate immediately pending enactment. The Circular summarises rate increases and restructurings (standard and merit excise rates, RSP/section 4A valuation for certain goods, tobacco slab adjustments, jewellery tariff-value levy), consolidation of exemption notifications, selective reliefs, amendments to Cenvat rules and procedural changes, and corresponding Customs Tariff and legislative amendments affecting classification, cognizability, and recovery mechanisms. Circulars Customs Fri, 16 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11534