https://www.taxtmi.com/news?id=1632 Central excise rates were revised: the standard rate was maintained and the merit (CENVAT) rate was raised. Cement duties were restructured to mixed ad valorem plus specific rates and valuation for ad valorem components shifted from retail sale price to transaction value; bulk cement was unified under an ad valorem levy and clinker duty combined ad valorem with a specific component. Branded ready-made garments and made-up articles are taxed at a fixed duty, processes affixing brands are treated as manufacture, merchant manufacturers bear liability for job-worker production, and Cenvat credit and SSI relief mechanisms were adjusted. Concessions and duty rationalisations were made for certain vehicles, precious metals, and mega-power project supplies. en-us Mon, 28 Feb 2011 17:30:35 +0530 Wed, 23 Mar 2011 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1632 Central excise rates were revised: the standard rate was maintained and the merit (CENVAT) rate was raised. Cement duties were restructured to mixed ad valorem plus specific rates and valuation for ad valorem components shifted from retail sale price to transaction value; bulk cement was unified under an ad valorem levy and clinker duty combined ad valorem with a specific component. Branded ready-made garments and made-up articles are taxed at a fixed duty, processes affixing brands are treated as manufacture, merchant manufacturers bear liability for job-worker production, and Cenvat credit and SSI relief mechanisms were adjusted. Concessions and duty rationalisations were made for certain vehicles, precious metals, and mega-power project supplies. News - Mon, 28 Feb 2011 17:30:35 +0530 https://www.taxtmi.com/news?id=1632