https://www.taxtmi.com/circulars?id=54311 Specified Finance Bill, 2016 proposals are implemented immediately for many items by notifications and provisional declaration, altering customs and central excise rates, creating an optional brand based excise levy on readymade garments (2% without CENVAT / 12.5% with CENVAT on branded RSP threshold goods with tariff value increased to 60%) and an optional jewellery levy (1% without CENVAT / 12.5% with CENVAT) with revised SSI thresholds and simplified registration; numerous targeted BCD, export duty and concessional exemptions or restrictions are introduced across multiple chapters, and legislative and rule changes revise warehousing, limitation periods, CENVAT credit use, RSP assessment and administrative procedures. en-us Mon, 29 Feb 2016 00:00:00 +0530 Thu, 03 Mar 2016 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54311 Specified Finance Bill, 2016 proposals are implemented immediately for many items by notifications and provisional declaration, altering customs and central excise rates, creating an optional brand based excise levy on readymade garments (2% without CENVAT / 12.5% with CENVAT on branded RSP threshold goods with tariff value increased to 60%) and an optional jewellery levy (1% without CENVAT / 12.5% with CENVAT) with revised SSI thresholds and simplified registration; numerous targeted BCD, export duty and concessional exemptions or restrictions are introduced across multiple chapters, and legislative and rule changes revise warehousing, limitation periods, CENVAT credit use, RSP assessment and administrative procedures. Circulars Central Excise Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54311