https://www.taxtmi.com/article/detailed?id=7872 The Finance Bill, 2018 establishes a Road and Infrastructure Cess as an additional customs duty on imports and an additional excise duty on domestically produced motor spirit and high speed diesel, collectible alongside other duties and governed by customs and excise procedural provisions. Proceeds are deemed cess under the amended Central Road Fund Act, renamed the Central and Road Infrastructure Fund, and are to finance national highways, state and rural roads, specified infrastructure projects in Schedule II, and related railway safety and infrastructure works, with allocation, administration and monitoring governed by centralised rules and a Committee headed by the Finance Minister. en-us Thu, 08 Feb 2018 07:09:04 +0530 Thu, 08 Feb 2018 07:09:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7872 The Finance Bill, 2018 establishes a Road and Infrastructure Cess as an additional customs duty on imports and an additional excise duty on domestically produced motor spirit and high speed diesel, collectible alongside other duties and governed by customs and excise procedural provisions. Proceeds are deemed cess under the amended Central Road Fund Act, renamed the Central and Road Infrastructure Fund, and are to finance national highways, state and rural roads, specified infrastructure projects in Schedule II, and related railway safety and infrastructure works, with allocation, administration and monitoring governed by centralised rules and a Committee headed by the Finance Minister. Articles Budget - Tax Proposals Thu, 08 Feb 2018 07:09:04 +0530 https://www.taxtmi.com/article/detailed?id=7872