It is clarified that Rule 3(2)(d) inter- alia provides for the incorporation of average amount of duties paid, on materials wasted in the process of manufacture. In terms of proviso to this Rule, if any waste is sold, the average amount of duties on the waste so sold shall be deducted.
An issue has been raised whether the organisations who are engaged in design, development are maintenance of Software and enter into Annual Maintenance contracts for maintenance of their software, are exempt from Service Tax or not.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with sub-section (6) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government being satisfied that it is necessary in the public interest so to do hereby exempts the beer of Nepalese origin falling under heading 2203 of the First Schedule to the said Customs Tariff Act from the whole of the additional duty leviable on such beer under the notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 32/2003-Customs, dated the 1st March, 2003, published in the Gazette of India vide G.S.R. 167(E), dated the 1st March, 2003.
