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Budget 2007 – Central Excise – Withdrawal of Exemption

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..... Budget 2007 – Central Excise – Withdrawal of Exemption - Commentaries / Editorials Dated:- 28-2-2007 - News - 1 Excise duty exemptions/concessions have been withdrawn on following items: (a) Chemical reagents manufactured by Hindustan Antibiotics Ltd. For use in manufacture of kits for testing narcotics drugs and psychotropic substances; (b) Optical glass manufactured by the Central Glass .....

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..... and Ceramic Research Institute, Kolkata for use by any Department of the Central Government; (c) Goods like brooms, hand operated mechanical floor sweepers, mops, feather dusters, prepared knots and tufts of broom or brush; pain pads rollers, squeezes etc.; (d) Recorded video cassettes intended for television broadcasting, supplied in formats such as U-matic, Betacam or .....

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..... any similar format; (e) Nicotine polacrilex gum; (f) Dust and powder of synthetic stones; (g) Cold-set high speed printing machines; (h) Specified parts of set top boxes. 2 Excise duty exemption (vide notification no 8/2004-CE) on pan masala containing tobacco and other tobacco products manufactured in the North East Region has been withdrawn in respect of clearanc .....

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..... es made on or after 1.3.2007. In respect of clearances prior to 1.3.2007 the exemption availed of would be protected but only if the conditions in the relevant notification are satisfied. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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