https://www.taxtmi.com/article/detailed?id=9699 The Finance Bill, 2021 creates an Agriculture and Infrastructure Development Cess levied on specified imports (First Schedule) and on specified domestically manufactured goods (Seventh Schedule) to finance agriculture infrastructure. Valuation for percentage levies follows section 14 of the Customs Act, 1962. Customs and Central Excise procedural provisions apply to assessment, refunds, exemptions, appeals and penalties. Notification No. 11/2021 partially exempts listed items and preserves nil rates for goods already exempt from basic customs duty; EOU exemptions mirror basic customs duty treatment and are denied where BCD exemption is repaid. en-us Thu, 04 Mar 2021 09:40:47 +0530 Thu, 04 Mar 2021 09:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9699 The Finance Bill, 2021 creates an Agriculture and Infrastructure Development Cess levied on specified imports (First Schedule) and on specified domestically manufactured goods (Seventh Schedule) to finance agriculture infrastructure. Valuation for percentage levies follows section 14 of the Customs Act, 1962. Customs and Central Excise procedural provisions apply to assessment, refunds, exemptions, appeals and penalties. Notification No. 11/2021 partially exempts listed items and preserves nil rates for goods already exempt from basic customs duty; EOU exemptions mirror basic customs duty treatment and are denied where BCD exemption is repaid. Articles Budget - Tax Proposals Thu, 04 Mar 2021 09:40:47 +0530 https://www.taxtmi.com/article/detailed?id=9699