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October, 2008

 

Some of the Important Announcements made by the CBEC, 

Government of India during October, 2008

Department of Revenue

  1. Notification No. 107/2008-Customs dated 6thOctober, 2008 exempt the specified goods imported in India under SAFTA to the extent of tariff concession (percentage of applied rate of duty). 

  2. Notification No.113/2008-Customs dated 31stOctober, 2008 notify Duty concession on import of specified goods from the specified least developed countries. 

  3. Notification No.115/2008-Customs dated 31stOctober, 2008 exempts export duty on various Iron & Ore products.

  4. Circular No.16/2008-Customs dated 13thOctober, 2008 further clarifies the procedure of refund of 4% Additional Duty of Customs (CVD). 

  5. Levy of Additional Duty of Customs (CVD) on the import of readymade garments shall be on the basis of transaction value i.e. CIF price plus landing charges as per Circular No.17/2008-Customs dated 21stOctober, 2008. 

  6. Notification No.45/2008-Central Excise (NT) dated 20thOctober, 2008 amends the Rules relating to Pan Masala Packing Machines (Capacity Determination and Collection of Duty).


Click herefor the details of allCustoms Notifications

Click herefor the details of allCustoms Circulars

Click herefor the details of allCentral Excise Notifications

Click herefor the details of allCentral Excise Circulars

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October, 2008