https://www.taxtmi.com/circulars?id=53394 A new Education Cess is levied on aggregate customs, excise and service tax duties with limited credit usable only against education cess on final products under the CENVAT regime. The circular outlines extensive customs and central excise rate changes, sectoral exemptions and revisions (notably textiles, health, IT, agriculture and export-promotion), introduces an optional duty/credit route for textiles, and details procedural and statutory amendments including AED credit limits, compounding of offences, recovery against transferees, adjournment limits, and significant service tax scope and administrative reforms. en-us Thu, 08 Jul 2004 00:00:00 +0530 Sat, 02 May 2015 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53394 A new Education Cess is levied on aggregate customs, excise and service tax duties with limited credit usable only against education cess on final products under the CENVAT regime. The circular outlines extensive customs and central excise rate changes, sectoral exemptions and revisions (notably textiles, health, IT, agriculture and export-promotion), introduces an optional duty/credit route for textiles, and details procedural and statutory amendments including AED credit limits, compounding of offences, recovery against transferees, adjournment limits, and significant service tax scope and administrative reforms. Circulars Customs Thu, 08 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53394