https://www.taxtmi.com/news?id=4832 Amendments to Chapter V of the Finance Act, 1994 expand the negative list, revise definitions to include specified vocational courses and excisable processes, and add a section treating prior references to the positive-list charging provision as references to the negative-list charging provision from 1 July 2012. The changes introduce officer and director-level penalty liability, cap registration penalty, clarify appellate procedure for cross objections, create distinct offence categories with arrest powers, and authorize removal of difficulties. The package also includes retrospective exemption for Indian Railways, abatement rationalization for construction services, exemption reviews, an amnesty scheme, and extension of advance ruling to resident public limited companies. en-us Thu, 28 Feb 2013 13:40:19 +0530 Fri, 22 Aug 2025 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4832 Amendments to Chapter V of the Finance Act, 1994 expand the negative list, revise definitions to include specified vocational courses and excisable processes, and add a section treating prior references to the positive-list charging provision as references to the negative-list charging provision from 1 July 2012. The changes introduce officer and director-level penalty liability, cap registration penalty, clarify appellate procedure for cross objections, create distinct offence categories with arrest powers, and authorize removal of difficulties. The package also includes retrospective exemption for Indian Railways, abatement rationalization for construction services, exemption reviews, an amnesty scheme, and extension of advance ruling to resident public limited companies. News - Thu, 28 Feb 2013 13:40:19 +0530 https://www.taxtmi.com/news?id=4832