https://www.taxtmi.com/article/detailed?id=6698 Targeted cesses are levied as sector-specific duties or surcharges on defined tax bases or goods to finance designated funds and programs-examples include a telecom Universal Service Obligation levy, a Research & Development Cess on payments for imported technology with prescribed payment and appropriation rules, Education and Secondary & Higher Education cesses as surcharges on central taxes (later subsumed), a Clean Energy Cess on specified coal products to fund clean energy research, the Central Road Fund financed by a petrol and diesel cess with prescribed distribution, and cesses for cine-worker welfare and tea-sector development. An audit cited significant shortfalls between collections and utilization of these funds. en-us Fri, 19 Feb 2016 07:02:46 +0530 Fri, 19 Feb 2016 07:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6698 Targeted cesses are levied as sector-specific duties or surcharges on defined tax bases or goods to finance designated funds and programs-examples include a telecom Universal Service Obligation levy, a Research & Development Cess on payments for imported technology with prescribed payment and appropriation rules, Education and Secondary & Higher Education cesses as surcharges on central taxes (later subsumed), a Clean Energy Cess on specified coal products to fund clean energy research, the Central Road Fund financed by a petrol and diesel cess with prescribed distribution, and cesses for cine-worker welfare and tea-sector development. An audit cited significant shortfalls between collections and utilization of these funds. Articles Central Excise Fri, 19 Feb 2016 07:02:46 +0530 https://www.taxtmi.com/article/detailed?id=6698