https://www.taxtmi.com/circulars?id=56695 Immediate tariff and levy adjustments have been prescribed under notifications to implement Finance Bill, 2018 proposals, many effective from 1/2 February 2018 by declaration under the Provisional Collection of Taxes Act, 1931. The measures amend Basic Customs Duty chapter wise (increasing, reducing or exempting specified headings), introduce a Social Welfare Surcharge while abolishing Education Cess and SHE cess, impose a Road and Infrastructure Cess on petrol/diesel with offsetting excise adjustments, and propose extensive Customs Act amendments to modernise procedures (Advance Rulings, Customs Automated System, audit, controlled delivery, inward/outward processing, electronic cash ledger, and exchange of information). en-us Thu, 01 Feb 2018 00:00:00 +0530 Fri, 02 Feb 2018 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56695 Immediate tariff and levy adjustments have been prescribed under notifications to implement Finance Bill, 2018 proposals, many effective from 1/2 February 2018 by declaration under the Provisional Collection of Taxes Act, 1931. The measures amend Basic Customs Duty chapter wise (increasing, reducing or exempting specified headings), introduce a Social Welfare Surcharge while abolishing Education Cess and SHE cess, impose a Road and Infrastructure Cess on petrol/diesel with offsetting excise adjustments, and propose extensive Customs Act amendments to modernise procedures (Advance Rulings, Customs Automated System, audit, controlled delivery, inward/outward processing, electronic cash ledger, and exchange of information). Circulars Central Excise Thu, 01 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56695