https://www.taxtmi.com/article/detailed?id=7853 Union Budget 2018 renames the central indirect tax board and amends the Customs Act to extend extraterritorial reach, recognise Arrival and Departure Manifests, and introduce Inward and Outward Processing provisions permitting conditional duty exemptions for imported goods used for repair, processing or manufacture. It raises duties on selected imports to encourage domestic manufacturing, introduces a Social Welfare Surcharge and Road and Infrastructure Cess on specified goods, abolishes education cesses on imports, and prescribes fixed adjudication timelines with pre-notice consultation and supplementary notice provisions in recovery proceedings. en-us Fri, 02 Feb 2018 13:12:50 +0530 Fri, 02 Feb 2018 13:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7853 Union Budget 2018 renames the central indirect tax board and amends the Customs Act to extend extraterritorial reach, recognise Arrival and Departure Manifests, and introduce Inward and Outward Processing provisions permitting conditional duty exemptions for imported goods used for repair, processing or manufacture. It raises duties on selected imports to encourage domestic manufacturing, introduces a Social Welfare Surcharge and Road and Infrastructure Cess on specified goods, abolishes education cesses on imports, and prescribes fixed adjudication timelines with pre-notice consultation and supplementary notice provisions in recovery proceedings. Articles Goods and Services Tax - GST Fri, 02 Feb 2018 13:12:50 +0530 https://www.taxtmi.com/article/detailed?id=7853