https://www.taxtmi.com/circulars?id=53462 Budget 2001-2002 consolidates excise rates into a single ad valorem structure centred on a 16% rate, imposes a new National Calamity Contingent duty on tobacco and related products, brings branded readymade garments and additional commodities into the excise net with altered SSI treatment, affirms CENVAT credit rules including on existing inputs and stock, and expands service tax to new categories while proposing self assessment and specified officer powers. On customs, surcharge abolition, CVD on MRP for packaged goods and other tariff adjustments are provided. Procedural reforms prescribe interest, voluntary payment of short levies, time limits for adjudication and replacement of long standing rules. en-us Wed, 28 Feb 2001 00:00:00 +0530 Sat, 09 May 2015 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53462 Budget 2001-2002 consolidates excise rates into a single ad valorem structure centred on a 16% rate, imposes a new National Calamity Contingent duty on tobacco and related products, brings branded readymade garments and additional commodities into the excise net with altered SSI treatment, affirms CENVAT credit rules including on existing inputs and stock, and expands service tax to new categories while proposing self assessment and specified officer powers. On customs, surcharge abolition, CVD on MRP for packaged goods and other tariff adjustments are provided. Procedural reforms prescribe interest, voluntary payment of short levies, time limits for adjudication and replacement of long standing rules. Circulars Customs Wed, 28 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53462