CBEC Invites Suggestion from Trade Associations for Budget 2012-13

[CBEC Draft Circular dated 2^nd November 2011]

Subject: Suggestions from the Industry and Trade Associations for Budget 2012-13 regarding changes in direct and indirect taxes.

In the context of formulating the proposals for the Union Budget of 2012-13, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may like to send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same.

2. Your suggestions and views may be supplemented by relevant statistical information about production, prices, revenue implication of the changes suggested, etc. It would not be feasible to examine suggestions that are either not clearly explained or which are not supported by adequate justification/ statistics. As regards direct taxes, since the Direct Taxes Code, 2010 has been introduced in Parliament and is proposed to be effective from 1.4.2012; you may consider forwarding only those proposals which are urgent in nature. The Synopsis of your suggestions could be given in the following format:

Sr.No.

Issue

Justification

3. Your suggestions and views may be emailed to budget-cbec@nic.in & ustpl3@nic.in Hard copies of the Pre-Budget proposals/ suggestions relating to Customs, Central Excise may be sent Shri Vivek Johri, Joint Secretary (TRU-I), and Service Tax to Shri V K Garg, Joint Secretary (TRU-II), CBEC while the suggestions relating to Direct taxes may be sent to Shri Ashutosh Dikshit, Joint Secretary, Tax Policy and Legislation (TPL), CBDT . It would be appreciated if your views and suggestions reach us by the 15^th November, 2011.

F.No.334/9/2011-TRU