In exercise of the powers conferred by section 37A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby directs that the powers exercisable by the Central Board of Excise and Customs under the provisions of sub-rule(2) of rule 3 of the Central Excise Rules, 2002, shall also be exercised by the Chief Commissioner of Central Excise for the purposes of adjudication of notices issued under the provisions of the said Act or the rules made thereunder within his jurisdiction.
“Provided that the credit of the education cess on excisable goods and the secondary and higher education cess on excisable goods and education cess on taxable services can be utilized, either for payment of the education cess on excisable goods or secondary and higher education cess on excisable goods or for the payment of education cess on taxable services.
For the purposes of this rule, job-worker means a person engaged in the manufacture or production of goods on behalf of a principal manufacturer, from any inputs or goods supplied by the said principal manufacturer or by any other person authorised by him.
The exemption contained in this notification shall not be available to goods cleared on or after the 1st day of March, 2007: Provided that for the goods cleared on or before 28th February, 2007 and in respect of which the exemption has already been availed of, the conditions specified in this notification shall continue to apply.
Letter F. No. 334/1/2007- TRU dated 28-02-2007- The threshold limit of service tax exemption for small service providers is being increased from the present level of Rs.4 lakhs to Rs.8 lakhs with effect from 01.04.2007, by amending notification No.6/2005-Service Tax, dated 01.03.05 vide notification No. 4/2007-Service Tax, dated 01.03.07.
Notification No. 61 – Income Tax In exercise of the powers conferred by section 295 read with clause ( xii) of subsection (5) of section 11 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in accordance with all or any of the conditions subject to which it was notified.
The Institute will get its accounts audited by an accountant as defined in Explanation below sub-section (2) of section 288 and furnish along with the return of Income. The report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars as may be prescribed.
The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in accordance with all or any of the conditions subject to which it was notified.
Attention is invited to the notification nos.3/2006 C.E dated 01.03.2006 and 26/2001 CE dated 11.05.2001, which provide exemption to handmade unbranded biris (other than paper rolled biris) from the whole of the duty of excise leviable for the first clearances in a financial year upto 20 lakhs. In the Budget, 2007, the said notification has been amended by notification no.3/2007CE dated 01.03.2007, whereby a condition has been inserted in the notifications, providing that any manufacturer wanting to avail this exemption,
