Government of India makes changes in indirect tax rates, effective from today

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....overnment of India makes changes in indirect tax rates, effective from today <br>News and Press Release<br>Dated:- 19-10-2015<br><BR>Government has made the following changes in indirect tax rates, ef....

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....fective from today, that is 19th October, 2015: 1) In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of this....

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.... financial year, basic customs duty on wheat has been increased from 10% to 25% for a period upto 31.03.2016. Notification No.51/2015-Customs, dated 19.10.2015 may be referred to in this regard. 2) S....

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....pecified biodiesel is exempt from central excise duty. However, its inputs namely, RBD Palm Stearin, Methanol and Sodium Methoxide are chargeable to central excise duty leading to CENVAT credit accumu....

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....lation. Central excise duty has been exempted on RBD Palm Stearin, Methanol and Sodium Methoxide used in the manufacture of such biodiesel subject to actual user condition for a period upto 31.03.2016....

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..... Notification No.42/2015-Central Excise, dated 19.10.2015 may be referred to in this regard.<BR> News - Press release - PIB....