TMI Blog26/2016-CENT dt. 05-05-2016X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Please explain in short the said notification no 26/2016-CENT dt. 05-05-2016 , Seeks to further amend notification No. 42/2001-CE(NT) dated 26.6.2001 , No. 43/2001-CE(NT) dated 26.6.2001 , No. 19/2004-CE(NT) dated 6.9.2004 and No. 21/2004-CE(NT) dated 6.9.2004. - Reply By Ganeshan Kalyani - The Reply = Sir If you mention your query specifically then we may attempt to reply s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wiftly. Thanks. - Reply By MADAN RAHEJA - The Reply = Dear Sh. Shinde Explanation III of Notifications No. 42/2001-CE(NT) dated 26.6.2001 , No. 43/2001-CE(NT) dated 26.6.2001 , No. 19/2004-CE(NT) dated 6.9.2004 and No. 21/2004-CE(NT) dated 6.9.2004 defines term Duty for purpose of these Notifications respectively. Whenever any new duty or cess is levied and it is intended not to cha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rge such duty/cess on export of goods under Bond or grant rebate of such duty/cess, same is inserted in Explanation III. Last such insertion was in 2007 for Secondary and Higher Education Cess. The effect of Notification No. 26/2016-CENT dt. 05-05-2016 , is that now Infrastructure Cess leviable under sub- clause (1) of clause 159 of the Finance Bill, 2016 , has been inserted in the definiti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on of duty and accordingly on export of goods under Bond, infrastructure cess is not payable and on export under rebate, this cess is rebatable - Reply By KASTURI SETHI - The Reply = SH.MADAN RAHEJA JI, THANKS FOR PERFECT REPLY. OTHERWISE ALSO CESS IS A KIND OF DUTY. - 26/2016-CENT dt. 05-05-2016 - Query Started By: - SANDESH SHINDE Dated:- 10-5-2016 Centr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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