https://www.taxtmi.com/article/detailed?id=6774 The Finance Bill, 2016 levies an Infrastructure Cess as an additional duty of excise on goods under tariff heading 8703 for financing infrastructure projects; the cess is collectible in addition to existing excise duties, subject to the Central Excise Act and rules as applicable, proceeds retained by the Union. The measure specifies graded rates by vehicle fuel type and engine/length parameters, disallows Cenvat credit, requires payment in cash, and exempts three wheelers, electrically operated, hybrid and hydrogen vehicles, taxis, cars for physically handicapped persons, and ambulances. en-us Fri, 08 Apr 2016 12:43:48 +0530 Fri, 08 Apr 2016 12:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6774 The Finance Bill, 2016 levies an Infrastructure Cess as an additional duty of excise on goods under tariff heading 8703 for financing infrastructure projects; the cess is collectible in addition to existing excise duties, subject to the Central Excise Act and rules as applicable, proceeds retained by the Union. The measure specifies graded rates by vehicle fuel type and engine/length parameters, disallows Cenvat credit, requires payment in cash, and exempts three wheelers, electrically operated, hybrid and hydrogen vehicles, taxis, cars for physically handicapped persons, and ambulances. Articles Service Tax Fri, 08 Apr 2016 12:43:48 +0530 https://www.taxtmi.com/article/detailed?id=6774