https://www.taxtmi.com/circulars?id=53463 The budget consolidates multiple special excise rates into a single ad valorem rate, imposes a new National Calamity Contingent Duty on specified tobacco and related products, extends excise to branded readymade garments while withdrawing SSI exemptions for certain commodities, and preserves transitional CENVAT credit subject to the CENVAT Rules. Service tax coverage is expanded to include new categories, coupled with introduction of a self-assessment scheme and limits on officer levels for original orders. Customs changes include abolition of surcharge, adjustment of peak rates and introduction of CVD on MRP for packaged goods. Procedural reforms modify interest accrual, voluntary payment of short levies, and time-limits for adjudication and appeals. en-us Wed, 28 Feb 2001 00:00:00 +0530 Sat, 09 May 2015 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53463 The budget consolidates multiple special excise rates into a single ad valorem rate, imposes a new National Calamity Contingent Duty on specified tobacco and related products, extends excise to branded readymade garments while withdrawing SSI exemptions for certain commodities, and preserves transitional CENVAT credit subject to the CENVAT Rules. Service tax coverage is expanded to include new categories, coupled with introduction of a self-assessment scheme and limits on officer levels for original orders. Customs changes include abolition of surcharge, adjustment of peak rates and introduction of CVD on MRP for packaged goods. Procedural reforms modify interest accrual, voluntary payment of short levies, and time-limits for adjudication and appeals. Circulars Central Excise Wed, 28 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53463