https://www.taxtmi.com/news?id=4760 The memorandum urges restoring lower excise and service tax rates, rationalising multiple duty rates, correcting inverted customs duties, and aligning domestic rules with GST by removing restrictions on CENVAT credit. It calls for simplification of reversal rules for capital goods cleared as scrap, removal of automatic vacation of stay orders, procedural safeguards against protective notices, amendments to pre-deposit and interest provisions in appeals, and administrative measures to enable transfer, centralised use and storage of CENVAT credit to reduce compliance burdens and cascading taxation. en-us Wed, 27 Feb 2013 11:36:02 +0530 Thu, 28 Feb 2013 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4760 The memorandum urges restoring lower excise and service tax rates, rationalising multiple duty rates, correcting inverted customs duties, and aligning domestic rules with GST by removing restrictions on CENVAT credit. It calls for simplification of reversal rules for capital goods cleared as scrap, removal of automatic vacation of stay orders, procedural safeguards against protective notices, amendments to pre-deposit and interest provisions in appeals, and administrative measures to enable transfer, centralised use and storage of CENVAT credit to reduce compliance burdens and cascading taxation. News - Wed, 27 Feb 2013 11:36:02 +0530 https://www.taxtmi.com/news?id=4760