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LEVY OF CESS AND ITS PURPOSES

Central Excise - By: - Mr. M. GOVINDARAJAN - Dated:- 19-2-2016 - Cess is a tax or levy. It is believed that the term is originated from Irish farmers, as those who have the most successful yield pay the most tax on their crop to the Government (cess for assess). In India it is a tax on tax, levied by the government for a specific purpose. In this article the levy of some cess and their purposes. Universal Service Obligation Fund The National Telecom Policy 1999 provided that the resources for me .....

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tions network, access to which is within their reach and within their means. The National Telecom Policy 2012 provides that continued support will be provided from USO fund for telecom services, including converged communication services in commercially unviable rural and remote areas. Research & Development Cess Government of India has enacted the Research and Development Cess Act, 1986 to provide for levy and collection of cess on all payments made for import of technology. Under the Act, .....

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he date of credit in the books of account. Proceeds of R&D cess collected under the Act are first required to be credited to the Consolidated Fund of India and thereafter these are transferred to the Technology Development Board, in accordance with the appropriation made by the Parliament through Finance Act. Non-payment of R&D Cess may attract penalty up to 10 times the amount of Cess payable. Education Cess The progress of country directly relates with progress of its citizens. Educati .....

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wealth tax and corporate tax. The rate of education cess is 2% on the tax/duty. Generally education cess is utilized for increment and spread of education. Some are meal projects, girl registration for education, free books, fund for construction of schools, scholarships etc. The Education Cess got subsumed with tax/duty with effect from 01.06.2015 on the introduction of Swachh Bharat Cess. Secondary & Higher Education Cess Section 126 of Finance Act, 2007 provides that there shall be levied .....

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ary and Higher Education Cess on excisable goods shall be in addition to any other duties of excise chargeable on such goods, under the Central Excise Act, 1944 or any other law for the time being in force and the Education Cess chargeable under section 93 of the Finance (No. 2) Act, 2004. This cess also got subsumed with tax/duty with effect from 01.06.2015 on the introduction of Swachh Bharat Cess. Clean Energy Cess Clean Energy Cess is a kind of carbon tax and is levied in India as a duty of .....

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lluter pays , which are the basic guiding criteria for pollution management. The fund raised through the cess is being used for the National Clean Energy Fund for funding research and innovative projects in clean energy technologies or renewable energy sources to reduce dependence on fossil fuels. Thus, projects aiming at reduction of emissions with innovative technologies from different sectors get considered under this funding mechanism. Central Road Fund The Central Road Fund was first establ .....

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ision of road overbridges/under bridges and other safety features at unmanned Railway Crossings. The cess of ₹ 2 is being distributed as under - Cess of ₹ 0.5 per litre to be entirely allocated for development and maintenance of National Highways; Cess of ₹ 1.50 to be allocated in- 57.5 % of such sum for the development and maintenance of National highways; 12.5% for construction of road under or over bridges and for safety works at unmanned railway crossing; 30% on development .....

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the Welfare of cine-workers as defined under the Act. The Act provides for levy of cess as duty of excise at the rate of ₹ 1,000/-per feature film and the revenue thus realized is credited to the Cine-workers' Welfare Fund. the cess collected from the producers of feature films is used for the welfare of cine workers on welfare activities like a Group Insurance Scheme for cine workers, health care facilities including financial assistance for treatment of heart diseases, kidney transpl .....

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