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Notifications

Amendment in Notification no. 49/2008 dated 24-12-2008 – MRP bases duty of Excise – Prescribes rate of abatement

July 11, 2014 2853 Views 0 comment Print

The rate of duty per packing machine per month for a chewing tobacco (other than filter khaini) pouch not containing lime tube and having retail sale price of ₹ 55.00 (i.e. „P‟) shall be = ₹ 388.15 + 7.76*(55-50) lakhs = ₹ 426.95 lakhs.

Specified rate of duty payable on the basis of capacity of production on Pan Masala and Gutkha

July 11, 2014 1727 Views 0 comment Print

The rate of duty per packing machine per month for a pan masala pouch having retail sale price of ₹ 8.00 (i.e. P) shall be= ₹ 89.40 + 14.58 x (8-6) lakhs = ₹ 118.56 lakhs

Budget 2014- Exempts all items of machinery, and components, required for initial setting up of a solar power generation project or facility or solar energy production

July 11, 2014 937 Views 0 comment Print

that an officer not below the rank of a Deputy Secretary to the Government of India, in the Ministry of New and Renewable Energy recommends the grant of this exemption, indicating the quantity, description and specification of the goods and certifies that they are required for initial setting up of a solar power generation or solar energy production project or facility, as the case may be; and

Exemption to certain Drugs, Diagnostics and Equipments required for National AIDS Control Programme funded by Global Fund to fight AIDS, TB and Malaria(GFATM)

July 11, 2014 1060 Views 0 comment Print

G.S.R. (E).- In exercise of the powers conferred by sub-section (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 exempts the goods mentioned in column (1) of the Table below of the description specified in column (2) of the said Table from the whole of the duty of excise leviable thereon which is specified in the Schedule to the Central Excise Tariff Act, 1985

Amendment in Notification No. 12/2012-Central Excise, dated the 17th March, 2012 – Effective rate of duty of central excise

July 11, 2014 15503 Views 0 comment Print

Notification No. 12/2014-Central Excise after serial number 133 and the entries relating thereto, the following serial number and the entries shall be inserted, namely:-

Amendment in Notification No. 108/95-Central Excise, dated the 28th August, 1995 – Exemption to Goods supplied to UN/International Organisations or Projects

July 11, 2014 13975 Views 0 comment Print

transfer the said goods to a new project subject to the condition that the manufacturer produces before the Assistant Commissioner of Central Excise or Deputy Commissioner of Central Excise, as the case may be, having jurisdiction over the factory of manufacture, a certificate from the officer concerned of the Central Government, State Government or Union territory Administration, as the case may be, that the said goods are no longer required for the said project and a declaration from the United Nations,

Amendment in Notification No.64/95-Central Excise, dated the 16th March, 1995 – Exemption to goods supplied for defence and other specified purposes

July 11, 2014 2276 Views 0 comment Print

Notification No. 10/2014-Central Excise In the said notification, in the Table, after serial number 35, the following serial number and entries shall be inserted, namely:-

Amendment in the Notification No. 2/2011-Central Excise, dated the 1st March, 2011 – Option to pay duty at 6% (earlier 5%) with cenvat credit

July 11, 2014 3746 Views 0 comment Print

against serial number 58, in column (3), for the existing entry, the following entry shall be substituted, namely:- Sewing machines other than those operated with electric motors, whether in-built or attachable to the body;

Notification No. 8/2014-Central Excise Dated 11/7/ 2014

July 11, 2014 5603 Views 0 comment Print

Notification No. 8/2014-Central Excise In exercise of the powers conferred by sub-section (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 makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 1/2011-Central Excise,

FEMA: Reg. Issue of shares against legitimate payment owed

July 10, 2014 1036 Views 0 comment Print

Issue of Shares against any other funds payable by the investee company, remittance of which does not require prior permission of the Government of India or Reserve Bank of India under FEMA ,1999 or any rules/ regulations framed or directions issued thereunder, provided that:

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