Budget -Explanatory Memorandum to Service Tax, Excise & Custom Notifications

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Explanatory Memorandum to notification No. 25/2013-Customs (N.T.) dated 01-03-2013.

Notification No. 25/2013-Customs (N.T.), dated 01-03-2013 seeks to further amend notification No. 30/98-Customs (N.T.), dated 2^ndJune, 1998, so as to raise the value limit of Jewellery allowed duty free to an Indian passengers who has been residing abroad for more than one year.

Explanatory Memoranda to notification Nos. 09 to 15/2013-Customs, dated 01-03-2013.

Notification No.	Description
9/2013 – Customs	Seeks to amend notification No. 69/2004-Customs, dated the 9^thJuly, 2004, so as to review the existing entries therein and make necessary changes.
10/2013 – Customs	Seeks to amend notification No. 75/2005-Customs, dated the 22^nd July, 2005 so as to make editorial changes in column (2) of S. No. 118, to align it with HS 2012.
11/2013 – Customs	Seeks to amend notification No. 9/2012-Customs, dated the 9^thMarch, 2012, so as to revise the variation limit in respect to height and circumference in case of reimport of cut and polished diamond.
12/2013 – Customs	Seeks to amend notification No. 12/2012-Customs, dated the 17^th March, 2012, so as to make necessary changes in the specified entries therein.
13/2013 – Customs	Seeks to rescind the notifications No. 19/2012-Customs, dated the 17^th March, 2012, and No. 20/2012-Customs, dated the 17^th March, 2012.
14/2013 – Customs	Seeks to amend notification No. 146/94-Customs, dated the 13^th July, 1994, so as to exempt “Trophy” when imported into India by the National Sports Federation or any other registered sports body, for being awarded to the winning team in the international tournament to be held in India.
15/2013 – Customs	Seeks to amend notification No.27/2011-Customs, dated the 1^stMarch, 2011, so as to specify effective rates of export duty on specified goods.

Explanatory Memoranda to notification Nos. 5 to 12/2013-Central Excise, dated 01-03-2013

Notification No.	Description
5/2013 – CE	Seeks to amend notification No. 17/2007- CE, dated the 1^stMarch, 2007 so as to increase the compound levy rate of duty for Stainless pattis/pattas from Rupees Thirty Thousand to Rupees Forty Thousand per cold rolling machine, per month.
6/2013 – CE	Seeks to rescind notification No. 20/2011- CE, dated the 24^th March, 2011 relating to 1% excise duty on Mobile handsets including Cellular phones.
7/2013 – CE	Seeks to provide exemption to intermediate goods captively consumed in the manufacture of goods by units availing Area Based Exemption in the State of Himachal Pradesh and Uttarakhand.
8/2013 – CE	Seeks to amend notification No. 7/2012- CE, dated the 17^th March, 2012, so as to prescribe 6% rate of excise duty to branded readymade garments and made ups of cotton, not containing any other textile materials.
9/2013 – CE	Seeks to amend notification No. 1/2011- CE, dated the 1^stMarch, 2011, so as to omit the entry relating to specified goods.
10/2013 – CE	Seeks to amend notification No. 2/2011-CE, dated the 1^stMarch, 2011, so as to omit the entry relating to handmade carpets and other carpets and floor coverings of Jute and Coir.
11/2013 – CE	Seeks to amend notification No.30/2004-CE, dated the 9^thJuly, 2004, so as to provide ‘zero excise duty route’ to branded ready- made garments and made-ups.
12/2013 – CE	Seeks to amend notification No. 12/2012 – CE, dated the 17^th March, 2012, so as to make necessary amendments in the specified entries thererin.

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Explanatory Memoranda to notification Nos. 1 to 4/2013-Central Excise (N.T.), dated 01-03-2013.

Notification No.	Description
1/2013 – CE (N.T)	Seeks to amend notification No. 49/2008- CE (N.T.), dated the 24^th December, 2008, so as to prescribe MRP based assessment with 35% abatement thereon, for branded medicaments used in Ayurvedic, Unani, Sidha, Homeopathic or BioChemic systems and to align the tariff lines relating to Pressure Cooker with HS 2012 .
2/2013 – CE (N.T.)	Seeks to further amend the notification No. 4/2002-CE (N.T.), dated 1^stMarch, 2002 so as to make provision for interest on refund, subject to sub-rule (6), arising out of an order of final assessment under sub-rule (3) of rule 7 of the Central Excise Rules, 2002.
3/2013 – CE (N.T.)	Seeks to amend the notification No. 23/2004-CE (N.T.), dated 10^th September, 2004, so as to provide a mode of recovery of CENVAT credit wrongly taken, under the CENVAT Credit Rules, 2004.
4/2013 – CE (N.T.)	Seeks to notify “the resident public limited company” as a class of persons under the sub-clause (iii) of clause (c) of section 23A of Central Excise Act, 1944.

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Explanatory Memoranda to notification Nos. 2 to 4/2013-Service Tax, dated 01-03-2013

Notification No.	Description
2/2013 – Service Tax	Seeks to amend notification No. 26/2012- Service Tax, dated the 20^th June, 2012, so as to make necessary amendments in the specified entries therein.
3/2013 – Service Tax	Seeks to amend notification No. 25/2012- Service Tax, dated the 20^th June, 2012, so as to make necessary amendments in the specified entries therein.
4/2013 – Service Tax	Seeks to notify “the resident public limited company” as a class of persons under sub-clause (iii) of clause (b) of section 96A of the Finance Act, 1994.