Finance
Ministry notifies new Central Excise Rules 2017 and CENVAT Credit Rules 2017
w.e.f. July 1; Prescribes ‘Credit Transfer Document’ for unregistered dealers
seeking to avail transitional ITC of manufactured goods in stock subject to
specified limitations, conditions and procedures; Also exempts levy of
Education Cess & Secondary and Higher Education Cess on IGST and
Compensation Cess on import of goods; Notifies levy of SAD at 4% on import of
petroleum crude, motor spirit (petrol), High Speed Diesel, Aviation Turbine
Fuel, Liquefied natural gas and Natural Gas; Further issues various
Notifications prescribing effective customs duty rates on import of various
goods like electronics and petroleum products, while granting exemption to
reimport of goods exported under duty drawback, rebate of duty or under bond on
or after July 1 : Finance Ministry Notifications
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