TMI BlogMEMORANDUM REGARDING DELEGATED LEGISLATIONX X X X Extracts X X X X X X X X Extracts X X X X ..... persons specified therein in respect of import or export of goods and the manner of furnishing such information. 2. The matters in respect of which rules or regulations may be made or notifications may be issued in accordance with the provisions of the Bill are matters of procedure and detail and it is not practicable to provide for them in the Bill. 3. The delegation of legislative power is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Services Tax Bill, 2017; (d) the Goods and Services Tax (Compensation to the States) Bill, 2017. 2. Consequently, the central excise duty on excisable goods [other than Petroleum Crude, Motor Spirit (Petrol), High Speed Diesel, Aviation Turbine Fuel and Natural Gas], the service tax on taxable services, the value added tax on sale or purchase of goods and certain other taxes shall be subs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s in respect of import or export of goods, on the lines of the Income-tax Act, 1961, the Central Excise Act, 1944, Chapter V of the Finance Act, 1994 and the legislations referred to in paragraph 1. 4. The Customs Tariff Act, 1975 is proposed to be amended to provide for levy of integrated goods and service tax and goods and services tax compensation cess on imported goods, including valuation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ial amendments are proposed to be made in the Central Excise Act, 1944 also relating to certain definitions, charging sections, provisions of deemed manufacture and insertion of emergency powers to increase the rate of duty, on the same lines as are presently provided in the Central Excise Tariff Act, 1985. 6. Consequent to the introduction of goods and services tax, the cesses or surcharges le ..... X X X X Extracts X X X X X X X X Extracts X X X X
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