https://www.taxtmi.com/news?id=308 Reduction of the general CENVAT rate from sixteen percent to fourteen percent across most chapters is combined with numerous targeted duty reductions, exemptions and conversions to specific rates for specified tariff headings; MRP abatement rates are revised for affected items. Significant measures include exemptions and lower rates for selected food, pharmaceutical and electronic items, restructuring of fuel and cement duties, import/export clearance duty changes for EOUs/STPs/EHTPs, immediate imposition of a contingent duty on mobile phones, and amendments to Cenvat credit and RSP determination procedures. en-us Fri, 29 Feb 2008 13:33:00 +0530 Tue, 24 Jun 2008 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=308 Reduction of the general CENVAT rate from sixteen percent to fourteen percent across most chapters is combined with numerous targeted duty reductions, exemptions and conversions to specific rates for specified tariff headings; MRP abatement rates are revised for affected items. Significant measures include exemptions and lower rates for selected food, pharmaceutical and electronic items, restructuring of fuel and cement duties, import/export clearance duty changes for EOUs/STPs/EHTPs, immediate imposition of a contingent duty on mobile phones, and amendments to Cenvat credit and RSP determination procedures. News - Fri, 29 Feb 2008 13:33:00 +0530 https://www.taxtmi.com/news?id=308