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    <title>BUDGET 2017-18 AND INDIRECT TAXES</title>
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    <description>Budget 2017 18 amends indirect tax law to conditionally extend and adjust excise exemptions, revise service tax negative list provisions, align and transfer advance ruling functions to a unified Authority with higher fees and longer pronouncement timelines, propose repeal of the Research and Development Cess Act, and refine CENVAT Credit Rules to exclude banks/financial institutions from certain reversal valuations and mandate a three month transfer window for CENVAT credit.</description>
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