Union Budget 2016-17

Circular from TRU, Department of Revenue dated 29th February 2016

ABS News Service/29.02.2016

Budget Speech 2016-17

ABS News Service/29.02.2016

Finance Bill 2016-17

ABS News Service/29.02.2016

Custom Notifications

CVD exemption on imported media with recorded Information Technology Software on so much value as is equivalent to the value of the Information Technology Software recorded on the said media which is leviable to Service tax under Finance Act, 1994.

11/2016-Customs dated 01.03.2016

Amendment in Notification No. 12/2012-Customs, dated the 17.03.2012 so as to carry out Budgetary changes. Details are contained in Joint Secretary (TRU I) DO letter dated 29.02.2016.

12/2016-Customs dated 01.03.2016

Amendment in Notification No. 171/93-Customs, dated the 16.09.1993 so as to increase the value limit for bona fide gifts imported by post or as air freight from Rs. Ten thousand to Rs. Twenty thousand.

13/2016-Customs dated 01.03.2016

Amendment in Notification No. 39/96-Customs, dated the 23.07.1996 so as to withdraw exemption of specified duties of customs on goods specified therein.

14/2016-Customs dated 01.03.2016

Amendment in Notification No. 27/2011-Customs, dated the 01.03.2011 so as to exempt duty of customs leviable under the Second Schedule, to the Customs Tariff Act, 1975 (51 of 1975) [Export Duty] on items specified therein.

15/2016-Customs dated 01.03.2016

Amendment in Notification No. 21/2012-Customs, dated the 17.03.2012 so as to specify the rate of additional duty of customs leviable under sub-section 3 (5) of Customs Tariff Act, 1975 for items specified therein.

16/2016-Customs dated 01.03.2016

Amendment in Notification No. 25/1999-Customs, dated 28.02.1999 so as to carry out Budgetary changes.

17/2016-Customs dated 01.03.2016

Amendment in Notification No. 25/2002-Customs, dated the 01.03.2002 so as to carry out Budgetary changes.

18/2016-Customs dated 01.03.2016

Amendment in Notification No. 24/2005-Customs, dated the 01.03.2005 so as to carry out Budgetary changes.

19/2016-Customs dated 01.03.2016

Amendment in Notification No. 230/86-Customs, dated the 03.04.1986 so as to make suitable amendments to the Project Import Regulations, 1986.

20/2016-Customs dated 01.03.2016

Amendment in Notification No. 42/96-Customs, dated the 23.07.1996 so as to make suitable amendments to the list of specified projects under heading 9801 of the first schedule to the Customs Tariff.

21/2016-Customs dated 01.03.2016

Amendment in Notification No. 81/2005-Customs, dated the 08.09.2005 so as to carry out Budgetary changes

22/2016-Customs dated 01.03.2016

Amendment in Notification No. 72/1994-Customs, dated the 01.03.1994.

23/2016-Customs dated 01.03.2016

Baggage Rules, 2016.

30/2016-Customs (NT) dated 01.03.2016

Amendment in Customs Baggage Declaration (Amendment) Regulations, 2016.

31/2016-Customs (NT) dated 01.03.2016

Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods), Rules 2016.

32/2016-Customs (NT) dated 01.03.2016

Fix the rate of interest under section 28AA of the Customs Act, 1962 and supersede notification No. 17/2011- Cus (N.T) dated 01.03.2011.

33/2016-Customs (NT) dated 01.03.2016

Excise Notifications

Suitably amend specified notifications relating to area based exemptions, so as to carry out Budgetary changes

5/2016-Central Excise dated 01.03.2016

Suitably amend specified notifications relating to area based exemptions, so as to carry out Budgetary changes

6/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 7/2012-Central Excise dated 17.03.2012 so as to carry out Budgetary changes

7/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 8/2003-Central Excise dated 17.03.2012 so as to carry out Budgetary changes

8/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 1/2011-Central Excise dated 01.03.2011 so as to carry out Budgetary changes

9/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 2/2011-Central Excise dated 01.03.2011 so as to carry out Budgetary changes

10/2016-Central Excise dated 01.03.2016

Central Excise Duty Exemption on media with recorded Information Technology Software on so much value as is equivalent to the value of the Information Technology Software recorded on the said media which is leviable to Service tax under Finance Act, 1994.

11/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 12/2012-Central Excise dated 17.03.2012 so as to carry out Budgetary changes.

12/2016-Central Excise dated 01.03.2016

Notification No. 62/91-Central Excise dated 25.07.1991 so as to carry out Budgetary changes Rescinded.

13/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 33/2005-Central Excise dated 08.09.2005 so as to carry out Budgetary changes.

14/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 30/2004-Central Excise dated 09.07.2004 so as to carry out Budgetary changes.

15/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 16/2010-Central Excise dated 27.02.2010 so as to carry out Budgetary changes.

16/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 42/2008-Central Excise dated 01.07.2008 so as to carry out Budgetary changes.

17/2016-Central Excise dated 01.03.2016

Amendment in Notification No. 6/2005-Central Excise dated 01.07.2008 so as to carry out Budgetary changes.

18/2016-Central Excise dated 01.03.2016

Procedure for obtaining Centralized Registration for manufacturers of articles of jewellery.

5/2016-Central Excise (NT) dated 01.03.2016

Amendment in Notification No. 35/2001-Central Excise (N.T) dated 26.06.2001.

6/2016-Central Excise (NT) dated 01.03.2016

Notification No. 9/2012-Central Excise (N.T) dated 17.03.2012 Rescinded

7/2016-Central Excise (NT) dated 01.03.2016

Amendment in Central Excise Rules, 2002

8/2016-Central Excise (NT) dated 01.03.2016

Amendment in Pan Masala Packing Machines (Capacity Determination And Collection of Duty) Rules, 2008

9/2016-Central Excise (NT) dated 01.03.2016

Amendment in Chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010

10/2016-Central Excise (NT) dated 01.03.2016

Amendment in Notification No. 20/2001- Central Excise (N.T.), dated the 30.04.2001 so as to amend the tariff values prescribed for articles of apparel and clothing accessories not knitted or crocheted.

11/2016-Central Excise (NT) dated 01.03.2016

Amendment in Notification No. 49/2008- Central Excise (N.T.), dated the 01.03.2016 so as to amend the rate of abatement from Retail Sale Price for commodities specified therein and bring certain commodities under Retail Sale Price based assessment.

12/2016-Central Excise (NT) dated 01.03.2016

Amendment in CENVAT Credit Rules, 2004.

13/2016-Central Excise (NT) dated 01.03.2016

Amendment in Notification No. 27/2012-Central Excise (N.T) so as to prescribe the time limit for filing application for refund of CENVAT Credit under Rule 5 of the CENVAT Credit Rules, 2004, in case of export of services.

14/2016-Central Excise (NT) dated 01.03.2016

Rate of interest at fifteen per cent per annum for the purposes of section 11AA of the Central Excise Act, 1944.

15/2016-Central Excise (NT) dated 01.03.2016

Amendment in Notification No. 42/2001 - Central Excise (N.T.) dated 26.06.2001 so as to make further amendments in notification No. 42/2001- CE (NT), dated the 26th June 2001.

16/2016-Central Excise (NT) dated 01.03.2016

Amendment in Notification No. 31/2007-Central Excise (N.T.), dated the 02.08.2007 so as to make further amendments in notification No. 42/2001- CE (NT), dated the 26th June 2001.

17/2016-Central Excise (NT) dated 01.03.2016

Amendment in Notification No. 19/2004-Central Excise (N.T.), dated the 06.09.2004 so as to carry out Budgetary changes.

18/2016-Central Excise (NT) dated 01.03.2016

Amendment in Notification No. 36/2001-Central Excise (N.T.), dated the 26.06.2001 so as to carry out Budgetary changes.

19/2016-Central Excise (NT) dated 01.03.2016

New Central Excise (Removal of Goods at Concessional rate of Duty for Manufacture of Excisable Goods), 2016.

20/2016-Central Excise (NT) dated 01.03.2016

Amendment in Notification No. 21/2004-Central Excise (N.T) dated 06.09.2004 so as to carry out Budgetary changes.

21/2016-Central Excise (NT) dated 01.03.2016

Clean Energy and Infrastructure Cess

Notification No. 1/2015-Clean Energy Cess dated 01.03.2015 rescinded

Notification No.1/2016 Clean Energy Cess dated 01.03.2016

Amendment in Notification No. 5/2010-Clean Energy Cess dated 01.03.2015

Notification No.2/2016 Clean Energy Cess dated 01.03.2016

Effective rates of Infrastructure Cess on specified goods.

Notification No.1/2016 Infrastructure Cess dated 01.03.2016

Service Tax Notifications

Amendment in notification No. 26/2012-Service Tax, dated 20th June 2012, so as to make necessary amendments in the specified entries prescribing taxable portion and the conditions for availing the exemption therein.

8/2016-ST dated 01.03.2016

Amendment in notification No. 25/2012-Service Tax, dated 20th June 2012, so as to amend certain existing entries granting exemption on specified services and inserting new entries for granting exemption from service tax on specified services.

9/2016-ST dated 01.03.2016

Amendment in Point of Taxation Rules, 2011 so as to insert clarificatory Explanations.

10/2016-ST dated 01.03.2016

Services exemption in relation to Information Technology Software recorded on a media bearing RSP, provided Central Excise Duty has been paid.

11/2016-ST dated 01.03.2016

Amendment in notification No. 32/2012-Service Tax dated 20th June, 2012, so as to exempt services provided by the bio-incubators approved by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India.

12/2016-ST dated 01.03.2016

Interest rate under section 75 of the Finance Act, 1994.

13/2016-ST dated 01.03.2016

Interest rate under section 73B of the Finance Act, 1994.

14/2016-ST dated 01.03.2016

Provisions of clause (h) of section 107 of the Finance Act, 2015.

15/2016-ST dated 01.03.2016

Certain provisions of notification No. 07/2015-ST dated 1st March, 2015.

16/2016-ST dated 01.03.2016

Certain provisions of notification No. 05/2015-ST dated 1stMarch, 2015.

17/2016-ST dated 01.03.2016

Amendment in notification No. 30/2012-Service Tax dated 20th June, 2012, so as to prescribe, the extent of service tax payable by the service provider and any other person liable for paying service tax other than the service provider.

18/2016-ST dated 01.03.2016

Amendment in Service Tax Rules, 1994.

19/2016-ST dated 01.03.2016