https://www.taxtmi.com/circulars?id=53237 Immediate fiscal and regulatory adjustments under the Finance Bill, 2015 take effect largely by declaration under the Provisional Collection of Taxes Act, 1931, revising customs and central excise tariff and non tariff entries, altering selected duty rates, and modifying exemptions and concessional treatment subject to actual user conditions or certification. Central excise reforms remove education cesses on excisable goods while increasing the standard ad valorem CENVAT rate; specific measures rework valuation, compounded levy mechanics tied to packing machine speed, targeted duty changes for petroleum, tobacco and select industrial inputs, and procedural amendments to CENVAT Credit and dispatch rules are introduced. en-us Sat, 28 Feb 2015 00:00:00 +0530 Fri, 13 Mar 2015 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53237 Immediate fiscal and regulatory adjustments under the Finance Bill, 2015 take effect largely by declaration under the Provisional Collection of Taxes Act, 1931, revising customs and central excise tariff and non tariff entries, altering selected duty rates, and modifying exemptions and concessional treatment subject to actual user conditions or certification. Central excise reforms remove education cesses on excisable goods while increasing the standard ad valorem CENVAT rate; specific measures rework valuation, compounded levy mechanics tied to packing machine speed, targeted duty changes for petroleum, tobacco and select industrial inputs, and procedural amendments to CENVAT Credit and dispatch rules are introduced. Circulars Customs Sat, 28 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53237