Effective Rate of duty - Assessee cannot avail the benefit of ...

Customs

July 26, 2016

Effective Rate of duty - Assessee cannot avail the benefit of budget proposal if not followed with by the enactment - Mere budget proposal does not mean that the same are enactments by the Parliament - The law as enacted is what is contained in the Finance Act. After it is legislated upon by the Parliament and a rate of duty that is prescribed in relation to a particular Tariff Head that constitutes the authoritative expression of the legislative will of Parliament - SC

View Source

← Previous Next →

Effective Rate of duty - Assessee cannot avail the benefit of ...

Customs

July 26, 2016

You may also like:

Budget 2022-23 - PROPOSALS INVOLVING CHANGES IN EFFECTIVE BASIC CUSTOMS DUTY RATES IN RESPECT OF PHASED MANUFACTURING PROGRAM [PMP] WITH RESPECT TO SPECIFIC ELECTRONIC GOODS

BUDGET PROPOSAL IN RELATION TO WEALTH TAX VIDE FINANCE BILL 2012 - Article

BUDGET PROPOSAL IN RELATION TO INCOME TAX VIDE FINANCE BILL 2012 - Article

Revised rate of Service Tax from 12.36% to 14% will be effective from date to be notified after enactment of Finance Bill, 2015

Rebate claim - effective rate of Central Excise duty was reduced from 10% to 8% - rebate is admissible of duty paid at effective rate of duty on 24-2-2009 i.e. @ 8% - CGOVT

BUDGET PROPOSAL IN RELATION TO AMENDMENT OF SECTION 56 OF THE INCOME TAX ACT 1961 VIDE FINANCE BILL 2012. - Article

Union Budget 2015 - Rate of Excise duty revised from 12.36% to 12.5% - Levy of education cess of 1% and 2% on duty of excise removed

Seeks to increase the effective rate of Special Additional Excise Duty on Petrol and Diesel.

Amendments to the All Industry Rates of Duty Drawback effective from 20.02.2019

Effective rate of basic duty of customs under chapters 50 to 63 on textile products - Notification

Quick Updates: