https://www.taxtmi.com/news?id=1577 A budgetary change imposes a nominal central excise duty on 130 items formerly exempt, with no Cenvat credit for their manufacture; basic food, fuel and most precious metals remain exempt while branded jewellery is captured. The optional levy for readymade garments and made-ups is converted into a mandatory unified levy applicable only to branded items, with manufacturers entitled to input, capital goods and service credit and exports remaining zero-rated. en-us Mon, 28 Feb 2011 13:54:57 +0530 Mon, 28 Feb 2011 13:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1577 A budgetary change imposes a nominal central excise duty on 130 items formerly exempt, with no Cenvat credit for their manufacture; basic food, fuel and most precious metals remain exempt while branded jewellery is captured. The optional levy for readymade garments and made-ups is converted into a mandatory unified levy applicable only to branded items, with manufacturers entitled to input, capital goods and service credit and exports remaining zero-rated. News - Mon, 28 Feb 2011 13:54:57 +0530 https://www.taxtmi.com/news?id=1577