TaxTMI 
TaxTMI 
Amends various notifications to reduce effective rate of excise duty from 10% to 8%
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....ection (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed shall be amended or further amended, as the case may be, in....
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....of the value of such gold potassium cyanide excluding the value of gold used in the manufacture of such goods" shall be substituted; (iii) for the entry "10% of the value of material , if any, added and the amount charged for such manufacture", wherever it occurs, the entry "8% of the value of material , if any, added and the amount charged for such manufacture" shall be substituted. 3. 5/2006-....
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.... chassis", wherever it occurs, the entry "8% + Rs.10,000 per chassis" shall be substituted. F. No.354/210/2008-TRU (Part) [Unmesh Sharad Wagh] Under Secretary to the Government of India Note. - (1) The principal notification No.3/2006-Central Excise, dated the 1 st March, 2006 was published in the Gazette of India, Extraordinary, part II, section 3, sub-section (i) vide number G.S.R.93 (E)....
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.... March, 2006, and was last amended by notification No. 58/2008-Central Excise, dated the 7 th December, 2008 published vide number G.S.R. 840(E), dated the 7 th December 2008. (4) The principal notification No.6/2006-Central Excise, dated the 1 st March, 2006 was published in the Gazette of India, Extraordinary, part II, section 3, sub-section (i) vide number G.S.R.96 (E), dated the 1st March, 2....