https://www.taxtmi.com/circulars?id=53391 The Finance Bill, 2005 introduces an enabling levy of an additional duty of customs (up to 4%) aimed at counterbalancing internal taxes, initially applied to ITA bound items and specified inputs for IT/electronics manufacture, excluded from education cess valuation, and available as credit for manufacturers. It lowers the peak customs tariff and adjusts sectoral duties and exemptions, extends and revises NCCD, imposes excise surcharges on pan masala and tobacco, deems refining of edible oils as manufacture retrospectively, aligns tariff schedules with a new eight digit nomenclature, creates a structured recovery regime for pre cutoff AED(GSI) credits, and expands service tax scope while revising procedural and advance ruling provisions. en-us Mon, 28 Feb 2005 00:00:00 +0530 Sat, 02 May 2015 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53391 The Finance Bill, 2005 introduces an enabling levy of an additional duty of customs (up to 4%) aimed at counterbalancing internal taxes, initially applied to ITA bound items and specified inputs for IT/electronics manufacture, excluded from education cess valuation, and available as credit for manufacturers. It lowers the peak customs tariff and adjusts sectoral duties and exemptions, extends and revises NCCD, imposes excise surcharges on pan masala and tobacco, deems refining of edible oils as manufacture retrospectively, aligns tariff schedules with a new eight digit nomenclature, creates a structured recovery regime for pre cutoff AED(GSI) credits, and expands service tax scope while revising procedural and advance ruling provisions. Circulars Central Excise Mon, 28 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53391