Some changes in customs and excise duties and service tax.

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....s in customs and excise duties and service tax. 2. The changes made in the customs and excise duties and service tax include the following:- (i) 4% CVD levied under section 3(5) of the Customs Tariff Act, on parts/components/accessories imported for manufacture of mobile handsets including cellular phones, has been exempted. This exemption will be available upto 30.4.2007 (notification No. 39/20....

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....rom additional duty of customs (CVD) by way of exemption from excise duty (S.No. 508 of notification No. 21/2002-Customs as inserted by notification No. 37/2005-Customs and S.No. 307 of notification No. 6/2002-CE as inserted by notification No. 16/2005-CE refer). (v) The optional excise duty on tyre cord fabrics of high tenacity nylon yarn of over 840 deniers has been raised from 8% to the tarif....

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....ion No. 18/2005-CE refer). (ix) Service tax payable under the category of general insurance business, on the premium paid under the Farm Income Insurance Scheme of the Ministry of Agriculture, has been exempted on the lines of exemption granted to National Agriculture Insurance Scheme (notification No. 3/2000-ST as amended by notification No. 13/2005-ST refers). 3. Certain amendments have also b....