TMI BlogAny process amounting to manufacture or production of goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... facture or production of goods From 1.6.2015 Services by way of carrying out any process amounting to manufacture or production of goods excluding alcoholic liquor for human consumption; Notes: For Amendment w.e.f. 1.6.2015 The entry in the Negative List that covers service by way of any process amounting to manufacture or production of goods [ section 66D (f) ] is being pruned to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2-ST to exclude carrying out of intermediate production process of alcoholic liquor for human consumption on job work from this entry. Meanings and Definitions: Section 65B (40) - process amounting to manufacture or production of goods means a process on which duties of excise are leviable under section 3 of the Central Excise Act, 1944 (1 of 1944.) or the Medicinal and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Job work Above definition covers manufacturing activity carried out on contract or job work basis, which does not involve transfer of title in goods, provided duties of excise are leviable on such processes under the Central Excise Act, 1944 or any of the State Acts. A specific exemption has been provided in Notification no. 25/2012-ST, dated 20-6-2012 in relation to carrying out a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Indian legal tender of another denomination but shall not include any currency that is held for its numismatic value; Section 65B(43) - securities has the meaning assigned to it in clause (h) of section 2 of the Securities Contract (Regulation) Act, 1956; (42 of 1956.) Clarification by the Board (Taxation Guide Guidance Note 4 Exemptions dated 20.06.2012) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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