Some changes in customs and excise duties and service tax.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....k Sabha for passing, the Finance Minister has effected some changes 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. T....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ity. Monofilament long line system for tuna fishing has also been exempted from 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....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..../2005-Customs and S.No.10 of notification No. 4/2005-CE as substituted by notification 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 ....