https://www.taxtmi.com/news?id=15897 Indirect tax amendments permit CENVAT credit and reclassify key shipping services: import cargo freight is excluded from the Negative List enabling CENVAT credit; transportation of goods by Indian ships to destinations outside India is proposed to be zero rated with CENVAT credit; coastal shipping freight receives an abated service tax rate while allowing CENVAT credit. Central excise duty on goods for repair of ocean going vessels is reduced and ship repair capital goods are permitted at NIL duty, collectively lowering domestic repair and transport costs. en-us Mon, 14 Mar 2016 13:02:38 +0530 Mon, 14 Mar 2016 13:02:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15897 Indirect tax amendments permit CENVAT credit and reclassify key shipping services: import cargo freight is excluded from the Negative List enabling CENVAT credit; transportation of goods by Indian ships to destinations outside India is proposed to be zero rated with CENVAT credit; coastal shipping freight receives an abated service tax rate while allowing CENVAT credit. Central excise duty on goods for repair of ocean going vessels is reduced and ship repair capital goods are permitted at NIL duty, collectively lowering domestic repair and transport costs. News - Mon, 14 Mar 2016 13:02:38 +0530 https://www.taxtmi.com/news?id=15897