tag:blogger.com,1999:blog-5707451955083354002024-02-07T11:25:51.693+05:30Inode Technologies Pvt. Ltd.www.inodetechnologies.comInode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-570745195508335400.post-6750192331834903692016-08-26T14:59:00.002+05:302016-08-26T15:02:49.401+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
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Explained : How will <span style="font-family: "trebuchet ms" , "arial";">Goods and Services Tax or GST </span>Work?</h1>
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Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-33631414490598145592016-08-04T10:23:00.002+05:302016-08-04T13:16:00.439+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
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Goods and Services Tax or GST</h1>
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<span style="background-color: white; color: #262626; font-family: "cambria" , serif; font-size: 13pt; font-weight: normal; text-align: justify;">GST is a single
tax on the supply of goods and services, right from the manufacturer to the
consumer.</span><span style="background-color: white; color: #262626; font-family: "cambria" , serif; font-size: 13pt; font-weight: normal; text-align: justify;"></span></div>
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<span style="background: white; color: #262626; font-family: "cambria" , serif; font-size: 13pt; font-weight: normal;"><br /></span></div>
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<span style="background: white; color: #262626; font-family: "cambria" , serif; font-size: 13pt; font-weight: normal;">Under the new
system, the states and the Centre will collect identical rates of taxes on
goods and services. For example, if 18% is the GST rate on a good
across the country, the states and the Centre will get 9% each called the CGST and SGST rates.<o:p></o:p></span></div>
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<span style="font-weight: normal;"><span style="background: white; color: #262626; font-family: "cambria" , "serif"; font-size: 13.0pt;">The Centre will also
charge and collect the Integrated Goods and Services Tax (IGST) on all
inter-State supply of goods and services.</span><span style="font-family: "cambria" , serif; font-size: 12pt;"><o:p></o:p></span></span></div>
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<span style="background: white; color: #262626; font-family: "cambria" , serif; font-size: 13pt; font-weight: normal;">DUAL GST MODEL<o:p></o:p></span></div>
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<span style="background: white; color: #262626; font-family: "cambria" , serif; font-size: 13pt; font-weight: normal;">SGST</span><span style="background: white; color: #262626; font-family: "cambria" , serif; font-size: 13pt; font-weight: normal;"> – State GST,
collected by the State Govt.</span></div>
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<span style="font-weight: normal;"><span style="background: white; color: #262626; font-family: "cambria" , "serif"; font-size: 13.0pt;">CGST</span><span style="background: white; color: #262626; font-family: "cambria" , "serif"; font-size: 13.0pt;"> – Central GST,
collected by the Central Govt.<o:p></o:p></span></span></div>
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<span style="font-weight: normal;"><span style="background: white; color: #262626; font-family: "cambria" , "serif"; font-size: 13.0pt;">IGST</span><span style="background: white; color: #262626; font-family: "cambria" , "serif"; font-size: 13.0pt;"> – Integrated
GST, collected by the Central Govt.<o:p></o:p></span></span></div>
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<span style="font-weight: normal;"><span style="background: white; color: #262626; font-family: "cambria" , "serif"; font-size: 13.0pt;"><br /></span></span></div>
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<span style="color: #333333; font-family: "cambria" , serif; font-size: 13.5pt; font-weight: normal; line-height: 115%;">Local Sales (within the state) : </span><span style="color: #333333; font-family: "cambria" , serif; font-size: 13.5pt; font-weight: normal; line-height: 115%; text-align: center;">GST and CGST is applicable</span></div>
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<span style="color: #333333; font-family: "cambria" , "serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%;">Interstate State Sales</span><span style="color: #333333; font-family: "cambria" , "serif"; font-size: 13.5pt; font-weight: normal; line-height: 115%;"> : IGST is applicable </span></div>
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<span style="font-weight: normal;"><span style="color: #333333; font-family: "cambria" , "serif"; font-size: 13.5pt; line-height: 115%;"><br /></span></span>
<span style="font-weight: normal;"><span style="color: #333333; font-family: "cambria" , "serif"; font-size: 13.5pt; line-height: 115%;">Please refer below link for more details</span></span><br />
<span style="font-weight: normal;"><span style="color: #333333; font-family: "cambria" , "serif"; font-size: 13.5pt; line-height: 115%;"> </span></span><br />
<a href="http://pib.nic.in/newsite/PrintRelease.aspx?relid=148240" style="font-family: cambria, serif; font-size: 13.5pt; font-weight: normal; line-height: 115%; text-align: left;" target="_blank">http://pib.nic.in/newsite/PrintRelease.aspx?relid=148240</a></div>
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Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-62357385449375152462016-08-02T12:01:00.004+05:302016-08-16T11:04:24.567+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
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i-CAMS AMC Management Solution </h1>
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Visit Us : <a href="http://demo.inodetechnologies.com/" target="_blank">http://demo.inodetechnologies.com</a> </h1>
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<a href="https://sourceforge.net/projects/icams-amc" target="_blank">https://sourceforge.net/projects/icams-amc</a></h1>
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Inode Technologies is the leader in AMC management Solution, AMC management Suite is an integrated Annual Maintenance Contract and Call Management Software which lends a helping hand in providing efficient and effective after sales service to customers. It maintains database of customers with complete details of billing address, installation address, and equipment installed along with the location of the equipment, configuration of the equipment and so on. Keeps track of the status of the equipment under warranty or under annual maintenance contract or out of contract or out of warranty.</div>
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Application Features :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;">
<li>Web-Based Solution</li>
<li>Module-Wise User rights</li>
<li>SQL Server Database for enhanced data security</li>
<li>Dashboard</li>
<li>User Log</li>
</ul>
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Call Management :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Customer Complaint Registration</li>
<li>Option for customer to register their Query</li>
<li>Call Allocation</li>
<li>Call Register Engineer wise</li>
<li>Call Register Customer wise</li>
<li>Status of Complaints</li>
<li>Call Tracking</li>
</ul>
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Service Management :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Service Report (Call Sheet) Entry</li>
<li>Call Sheet No Tracking</li>
<li>Service Report – Engineer wise</li>
<li>Service Report – Customer wise</li>
<li>Estimate of Service Costing</li>
<li>Performance Analysis of Engineer</li>
<li>Status of Complaints</li>
</ul>
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AMC Management :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Customer Master with product & AMC details</li>
<li>AMC Due Report</li>
<li>Payment Pending Report – Product wise</li>
<li>Pending Bill Report</li>
<li>AMC Receipt Entry</li>
<li>Product & Service Master</li>
<li>AMC Billed - Payment Not received Report</li>
<li>Payment Pending Report – Consolidated</li>
<li>AMC Renewal</li>
<li>AMC Collection Report</li>
</ul>
</div>
Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-47610091894863850302016-07-20T17:12:00.005+05:302016-08-01T17:10:28.393+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
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ERP for SMB</h1>
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Production Management :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Bill of Material</li>
<li>Work Order</li>
<li>Production Planning</li>
<li>Sub Contracting</li>
<li>Job Traveler</li>
<li>Scrap Management</li>
<li>Production Reports</li>
</ul>
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Procurement Management :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Purchase Requisition</li>
<li>Purchase Quotation</li>
<li>Purchase Order</li>
<li>Goods' Receipt</li>
<li>Purchase Returns</li>
<li>Purchase Reports</li>
</ul>
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Sales Management :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Sales Enquiry</li>
<li>Sales Quotations</li>
<li>Sales Orders</li>
<li>Excise and Export Invoice</li>
<li>Sales Return</li>
<li>Sales Reports</li>
</ul>
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Quality Management :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Inward Goods' Quality</li>
<li>Production Quality</li>
<li>Finished Goods' Quality</li>
<li>Quality Check List</li>
<li>Quality Reports</li>
</ul>
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Inventory Management :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Goods' Issue and Receipt</li>
<li>Inventory Aging</li>
<li>Inventory Costing and Valuation</li>
<li>Stock Adjustment</li>
<li>Inventory Analysis</li>
</ul>
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Indian Taxation :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Central Excise</li>
<li>Service Tax</li>
<li>EOU Documentation</li>
<li>EXIM Documentation</li>
<li>VAT / CST</li>
<li>Taxation Reports</li>
</ul>
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Add On Modules :</h2>
<ul style="background-color: #ecf5fe; color: #666666; font-family: arial; font-size: 12px; line-height: 18px;" type="disc">
<li>Financial Accounting</li>
<li>Warehouse Management</li>
<li>Bar Code Generation and Printing</li>
<li>Business Intelligence</li>
<li>MIS and Analysis Reports</li>
</ul>
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Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-38797456693620053072011-10-31T12:55:00.000+05:302011-10-31T12:55:12.804+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
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Manufacturing Solutions for Small and Medium Business</h3>
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<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: xx-small;"><b>ERP for Small and Medium Business with Taxation</b></span></div>
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<br /></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-13051223917194916002011-10-25T10:42:00.000+05:302011-10-25T10:42:07.794+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="background-color: white; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 14px;">Wishing that this Deepavali brings success, happiness & prosperity to your business and more opportunities for us to work together.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw4Clw7uwALR-Z0poKYI3oJuSsGMvIIOIdsMj9HNCRkVSsbPdrGCpQ0w2ZbS1Vu3pyLgQ9qG3hW19hMkPmkces8EOFFgkGSzemjhRJQsPyv0ykLGuRtg2sZMg5yRMDkfvopOnMVpeZXLE2/s1600/happy-diwali.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw4Clw7uwALR-Z0poKYI3oJuSsGMvIIOIdsMj9HNCRkVSsbPdrGCpQ0w2ZbS1Vu3pyLgQ9qG3hW19hMkPmkces8EOFFgkGSzemjhRJQsPyv0ykLGuRtg2sZMg5yRMDkfvopOnMVpeZXLE2/s320/happy-diwali.jpg" width="320" /></a></div>
<span class="Apple-style-span" style="background-color: white; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 14px;"><span class="Apple-style-span" style="color: #660000;"><b><br /></b></span></span></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-81411536058873293282011-10-08T11:00:00.001+05:302011-10-13T17:00:08.790+05:30Manufacturing Solutions for Small and Medium Business<div dir="ltr" style="text-align: left;" trbidi="on">
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><b>ERP for Small and Medium Business with Taxation</b></span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><b><br />
</b></span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><b>1. Production Management</b></span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Bill of Material</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Work Order</span><br />
<span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;">Job </span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;">Traveler</span></span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Production Planning</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Sub Contracting</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><b><br /></b></span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><b>2. Procurement Management</b></span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Purchase Requisition</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Purchase Quotation</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Purchase Order</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Goods' Receipt</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Purchase Returns</span><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><br /></span></b><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">3. Sales Management</span></b><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Sales Enquiry</span><br />
<span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"> Sales Quotations<br />
Sales Orders</span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;">Excise and Export Invoice</span></span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Sales Return</span><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><br /></span></b><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">4. Quality Management</span></b><br />
<span class="Apple-style-span" style="font-size: x-small;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;">Inward </span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;">Goods’ Q</span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;">uality</span></span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Production Quality</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Finished Goods’ Quality</span><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><br /></span></b><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">5. Inventory Management</span></b><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Goods' Issue and Receipt</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Inventory Aging</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Inventory Costing and Valuation</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Stock Adjustment</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Inventory Analysis</span><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><br /></span></b><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">6. Indian Taxation</span></b><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Central Excise</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Service Tax</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">VAT / CST</span><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><br /></span></b><br />
<b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">7. Add on Modules</span></b><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Warehouse Management</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Bar code Module</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Accounting / Accounts Integration</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Business Intelligence</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">MIS and Analysis Reports</span><br />
<b><b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><br /></span></b></b><br />
<b><b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">For demo call 99862 67037 / 080 42351371 / 080 42351372 / </span></b></b><br />
<div class="MsoNormal" style="display: inline !important;">
<b><b><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">080 42351365 / 080 42351370</span></b></b></div>
</div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-23497181573451176772011-07-11T16:37:00.004+05:302011-10-08T10:19:30.632+05:30An Introduction to XBRL<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"></span><br />
<div style="text-align: justify;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation,analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">XBRL stands for eXtensible Business Reporting Language. It is one of a family of "XML" languages which is becoming a standard means of communicating information between businesses and on the internet.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">XBRL is being developed by an international non-profit consortium of approximately 450 major companies, organisations and government agencies. It is an open standard, free of licence fees. It is already being put to practical use in a number of countries and implementations of XBRL are growing rapidly around the world.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">To know more on how Companies of all sizes can gain benefits from XBRL and For more details on XBRL generation tool please mail us on info@inodetechnologies.com or call +91 80 42351365 - 74</span></div></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-23734584367262394632011-07-05T11:32:00.002+05:302011-10-08T10:20:21.943+05:30Introducing ezeeFile an efiling suite<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="font-size: 11px; line-height: 14px;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif;">Introducing ezeeFile an efiling suite, this would serve as a one stop solution for the entire central excise efiling process.<br />
<br />
The work flow of ezeeFile is as follows.<br />
1. Extract data from your ERP / Software<br />
2. Upload to ezeeFile and process<br />
<span class="text_exposed_show" style="display: inline;">3. Generate ACES XML<br />
<br />
Contact inode technologies for more details</span></span></span></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-1670000915625065702011-07-05T11:30:00.001+05:302011-10-08T10:20:33.509+05:30GO GREEN - Let’s conserve<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: left;"></div><div class="MsoNormal"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">Every 4000 sheets of paper cost us a TREE. Let’s conserve and save the world. To know more on how you can GO GREEN by automating your process contact Inode Technologies.</span></div></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-6557533991655669432011-06-10T00:20:00.001+05:302011-10-08T10:20:51.132+05:30Goods and Service Tax (GST) to be unveiled next month in 11 states – FM<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="color: #444444;"><br />
</span><br />
<div class="MsoNormal"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">Finance Minister Mr. Pranab Mukherjee on 08-Jun-2011 said a pilot project on GST would be unveiled next month in 11 states and government is committed to go ahead with launch of required infrastructure for the indirect tax reforms.</span></div></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-36130007020291617302011-05-23T14:06:00.002+05:302011-10-08T10:21:07.042+05:30The next biggest taxation reforms in India<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="color: #444444;"><br />
</span><br />
<span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">The next biggest taxation reforms in India would be the introduction of Goods and service Tax (GST). Like it or not, the Government will implement GST, just a matter of time.</span><br />
<span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;"><br />
</span><br />
<span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">The proposed GST will replace the current taxes such as Central Sales Tax, octroi, VAT, entry tax, stamp duty, telecom licence fees, turnover tax, tax on consumption or sale of electricity, taxes on transportation etc. thus avoiding multiple layers of taxation that currently exist in India.</span><br />
<span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><span class="Apple-style-span" style="color: #444444; line-height: 14px;">Goods and Services Tax might not be implemented by Apr 2012, even as the Government gets set to introduce the Amendment Bill required for GST during the coming session of Parliament</span></span></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-59989858809189995042011-05-17T23:14:00.002+05:302011-10-08T10:21:29.188+05:30Goods and Services Tax (GST)<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="color: #444444; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 14px;">Goods and Services Tax might not be implemented by Apr 2012, even as the Government gets set to introduce the Amendment Bill required for GST during the coming session of Parliament<br />
<br />
Since 5 years, the Central Government has been trying to introduce GST. GST has already missed the implementation target of Apr 1, 2010 and 2011. But DTC is set to be rolled out from Apr 1, 2012</span></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-14743083705517492752011-05-10T23:28:00.001+05:302011-10-08T10:21:45.630+05:30<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="line-height: 14px;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;"><b>Free Business Intelligence consultation</b><br />
<br />
Inode technologies aspires to bring value to our customers. We offer a free consultation program to help you identify which Business Intelligence solution fits your business needs better and evaluate investments.</span></span><br />
<span class="Apple-style-span" style="line-height: 14px;"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;"><br />
We implement Business Intelligence solutions which enable organizations to gain more insight and greater value from a range of data sources and applications including SAP, MfgPro, PeopleSoft, MS Dynamics, Any ERP and third party systems.</span></span></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-82310746123734606282011-04-26T11:38:00.002+05:302011-10-08T10:22:27.139+05:30Inode Technologies is now on Facebook<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="color: #444444;"><br />
</span><br />
<div class="MsoNormal"></div><div class="MsoNormal"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">Hi,<o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="color: #444444;"><br />
</span></div><div class="MsoNormal"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">We are happy to inform that Inode Technologies is now on Facebook. <o:p></o:p></span></div><div class="MsoNormal"><span class="Apple-style-span" style="color: #444444;"><br />
</span></div><div class="MsoNormal"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">We request you to become fan of Inode Technologies page on facebook by clicking the “<b>LIKE</b>” button on this page.</span></div><div class="MsoNormal"><span class="Apple-style-span" style="color: #444444;"><br />
</span></div><div class="MsoNormal"><a href="http://www.facebook.com/pages/Inode-Technologies/164929756899330"><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">http://www.facebook.com/InodeTechnologies</span></a></div><div class="MsoNormal"><span class="Apple-style-span" style="color: #444444;"><br />
</span></div><span class="Apple-style-span" style="color: #444444; font-family: Verdana, sans-serif; font-size: x-small;">Please suggest this page to other customers, family and your friends.</span></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-63714706227945673832011-02-28T13:09:00.003+05:302011-02-28T16:40:41.372+05:30Union Budget 2011 Highlights<div dir="ltr" style="text-align: left;" trbidi="on"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-size: 12px;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;">Finance minister Mr. Pranab Mukherjee on 28-02-2011 presented India's budget for the coming financial year 2011-2012 beginning in April.<br />
<br />
Following are the highlights of the budget:</span></span><br />
<ul style="text-align: left;"><li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Cut in excise duty of hybrid fuel, yarn, steel</span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Nominal 1% central excise duty on 130 items entering the tax net. Precious stones, gold and silver jewelery will be exempted</span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Basic food, fuel exempted from central excise duty: FM </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Export duty at 20% for iron ore: FM </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Basic customs duty on Pet Coke and Gypsum to be reduced to 2.5%: FM </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Base rate on excise duty raised to 5%: FM </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Peak rate for customs duty unchanged: FM </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">1% excise duty on 130 new items: FM </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">No change in CENVAT rates: FM </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">No change in Service Tax rates: FM </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Reduce customs duty on micro irrigation equipment: FM </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">FM: to impose mandatory levy of 10 pct on branded garments </span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">No excise duty on UMPP equipment</span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Duty reduction on LEDs to promote adoption by more automakers</span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">To tax life insurance service providers</span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Legal representation for businesses under service tax</span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Service tax on hotel accommodation above Rs 1500 per day</span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">Domestic travel to pay Rs 50 service tax, Rs 250 on international travel</span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">AC hospitals with more than 25 beds under service tax</span></li>
<li><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;">AC restaurants serving liquor under service tax net</span></li>
</ul><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: x-small;"><strong>For more details visit </strong><strong><a href="http://www.inodetechnologies.com/">www.inodetechnologies.com</a></strong></span></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-29696420204721826172010-12-06T13:00:00.002+05:302011-10-08T10:22:58.046+05:30Workshop on eFiling of Central Excise Returns is going to be conducted in Bangalore on 23-Dec-2010<div dir="ltr" style="text-align: left;" trbidi="on"><table cellpadding="0" cellspacing="0" style="border-bottom-color: initial; border-bottom-style: none; border-bottom-width: medium; border-left-color: initial; border-left-style: none; border-left-width: medium; border-right-color: initial; border-right-style: none; border-right-width: medium; border-top-color: initial; border-top-style: none; border-top-width: medium; width: 870px;"><tbody>
<tr><td class="tab-heading" style="background-color: grey; font-family: Arial; font-size: 14px; font-weight: bold; height: 25px; text-decoration: none; width: 600px;"><span class="Apple-style-span" style="color: #444444;"> Seminar Details :</span></td><td align="center" valign="middle"></td></tr>
<tr><td class="normal-text-gray" colspan="2" style="font-family: 'MS Sans Serif';"><ul style="line-height: 25px; list-style-image: url(http://www.inodetechnologies.com/images/bullet-1.gif);"><li><b><span class="Apple-style-span" style="color: #444444;">Date : 23-Dec-2010</span></b></li>
<li><b><span class="Apple-style-span" style="color: #444444;">Time : 10:30 AM to 3:00 PM</span></b></li>
<li><b><span class="Apple-style-span" style="color: #444444;">Venue : PEENYA INDUSTRIES ASSOCIATION, <span class="Apple-style-span" style="font-size: xx-small;">1st Cross, 1st Stage, PIE, Bangalore-560058 </span></span></b></li>
<li><b><span class="Apple-style-span" style="color: #444444; font-size: x-small;">Charges : Rs. 450 per head / 3 persons Rs. 360 Per Head </span></b></li>
<li><b><span class="Apple-style-span" style="color: #444444;">Mode of Payment : Cheque / DD / Cash, favoring "Inode Technologies"</span></b></li>
</ul></td></tr>
<tr><td class="tab-heading" style="background-color: grey; font-family: Arial; font-size: 14px; font-weight: bold; height: 25px; text-decoration: none; width: 600px;"><span class="Apple-style-span" style="color: #444444;"> Registration Details :</span></td><td align="center" valign="middle"></td></tr>
<tr><td class="normal-text-gray" colspan="2" style="font-family: 'MS Sans Serif';"><ol style="line-height: 25px;"><li><b><span class="Apple-style-span" style="color: #444444;">Call : <span class="skype_pnh_print_container_1317960250">+91 80 42351365</span><span class="skype_pnh_container" dir="ltr" tabindex="-1"><span class="skype_pnh_mark"> begin_of_the_skype_highlighting</span> <span class="skype_pnh_highlighting_inactive_common" dir="ltr" skypeaction="skype_dropdown" title="Call this phone number in India with Skype: +918042351365"><span class="skype_pnh_left_span" skypeaction="skype_dropdown" title="Skype actions"> </span><span class="skype_pnh_dropart_span" skypeaction="skype_dropdown" title="Skype actions"><span class="skype_pnh_dropart_flag_span" skypeaction="skype_dropdown" style="background-position: -2651px 1px !important;"> </span> </span><span class="skype_pnh_textarea_span"><span class="skype_pnh_text_span">+91 80 42351365</span></span><span class="skype_pnh_right_span"> </span></span> <span class="skype_pnh_mark">end_of_the_skype_highlighting</span></span> / 42351366 / 42351367 / 99862 67037 / 97386 36006</span></b></li>
<li><b><span class="Apple-style-span" style="color: #444444;">Mail : info@inodetechnologies.com</span></b></li>
</ol></td></tr>
<tr><td class="tab-heading" style="background-color: grey; font-family: Arial; height: 25px; text-decoration: none; width: 600px;"><span class="Apple-style-span" style="color: #444444;"><b> Obje</b><span class="Apple-style-span" style="font-weight: bold;">ctive :</span></span></td><td align="center" valign="middle"></td></tr>
<tr><td class="normal-text-gray" colspan="2" style="font-family: 'MS Sans Serif';"><div align="justify" style="line-height: 20px; width: 720px;"><span class="Apple-style-span" style="color: #444444;">This workshop is an attempt to explain and clarify various Aspects on eFiling of Central Excise Returns.</span></div><div align="justify" style="line-height: 20px; width: 720px;"><span class="Apple-style-span" style="color: #444444;">Our esteemed client such as HPCL (Mangalore), Total Oil India Ltd., Minox Metal Pvt. Ltd.,</span></div><div align="justify" style="line-height: 20px; width: 720px;"><span class="Apple-style-span" style="color: #444444;">Karnataka Chemical Industries, Ascent Tools, Vasant Ispat and Allied Products, Jet Enterprises,</span></div><div align="justify" style="line-height: 20px; width: 720px;"><span class="Apple-style-span" style="color: #444444;">and many more have been able to file their returns successfully.<br />
</span></div></td></tr>
<tr><td class="tab-heading" style="background-color: grey; font-family: Arial; font-size: 14px; font-weight: bold; height: 25px; text-decoration: none; width: 600px;"><span class="Apple-style-span" style="color: #444444;"> Topics Covered :</span></td><td align="center" valign="middle"></td></tr>
<tr><td class="normal-text-gray" colspan="2" style="font-family: 'MS Sans Serif';"><ul style="line-height: 25px; list-style-image: url(http://www.inodetechnologies.com/images/bullet-1.gif);"><li><span class="Apple-style-span" style="color: #444444;">Introduction of Excise eFiling service</span></li>
<li><span class="Apple-style-span" style="color: #444444;">eFiling of Form - 2, ER - 1 and ER - 3</span></li>
<li><span class="Apple-style-span" style="color: #444444;">How to run eFiling tool </span></li>
<li><span class="Apple-style-span" style="color: #444444;">Works Contract (WC)</span></li>
<li><span class="Apple-style-span" style="color: #444444;">Goods Transport Agency (GTA)</span></li>
<li><div class="MsoNormal"><span class="Apple-style-span" style="color: #444444;">Emerging technologies for SMB</span></div></li>
</ul></td></tr>
<tr><td class="tab-heading" style="background-color: grey; font-family: Arial; font-size: 14px; font-weight: bold; height: 25px; text-decoration: none; width: 600px;"><span class="Apple-style-span" style="color: #444444;"> Who Benefit :</span></td><td align="center" valign="middle"></td></tr>
<tr><td class="normal-text-gray" colspan="2" style="font-family: 'MS Sans Serif';"><div align="justify" style="line-height: 20px; width: 580px;"><span class="Apple-style-span" style="color: #444444;">In general, the workshop is designed for all those who are attached with Accounts, Marketing, and Purchase Department and shoulder the responsibility of managing the affairs of the Corporate Enterprise.<br />
</span></div></td></tr>
<tr><td class="tab-heading" style="background-color: grey; font-family: Arial; font-size: 14px; font-weight: bold; height: 25px; text-decoration: none; width: 600px;"><span class="Apple-style-span" style="color: #444444;"> The workshop will be of great importance for :</span></td><td align="center" valign="middle"></td></tr>
<tr><td class="normal-text-gray" colspan="2" style="font-family: 'MS Sans Serif';"><ul style="line-height: 25px; list-style-image: url(http://www.inodetechnologies.com/images/bullet-1.gif);"><li><span class="Apple-style-span" style="color: #444444;">Chief Finance Officers, and their colleagues</span></li>
<li><span class="Apple-style-span" style="color: #444444;">Director- Finance, GM- Finance</span></li>
<li><span class="Apple-style-span" style="color: #444444;">Practicing Chartered Accountants, Advocates and Tax Consultants</span></li>
<li><span class="Apple-style-span" style="color: #444444;">CEO’s and Entrepreneurs for better understanding of laws vis-à-vis business</span></li>
<li><span class="Apple-style-span" style="color: #444444;">UDYOG Software Clients and Users</span></li>
<li><span class="Apple-style-span" style="color: #444444;">Anyone and Everyone connected with taxation, accounts etc.</span></li>
</ul></td></tr>
</tbody></table><table cellpadding="0" cellspacing="0" style="border-bottom-color: initial; border-bottom-style: none; border-bottom-width: medium; border-left-color: initial; border-left-style: none; border-left-width: medium; border-right-color: initial; border-right-style: none; border-right-width: medium; border-top-color: initial; border-top-style: none; border-top-width: medium; width: 870px;"><tbody></tbody></table></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-13237021681471944262010-03-09T18:03:00.004+05:302010-03-09T18:24:24.001+05:30Key Features of Budget 2010-2011<div style="text-align: center;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Key Features of Budget 2010-2011</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>CHALLENGES</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To quickly revert to the high GDP growth path of 9 per cent and then find the means to cross the ‘double digit growth barrier’.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To harness economic growth to consolidate the recent gains in making development more inclusive.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To address the weaknesses in government systems, structures and institutions at</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">different levels of governance.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>OVERVIEW OF THE ECONOMY</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">India among the first few countries in the world to implement a broad-based counter-cyclic policy package to respond to the negative fallout of the global slowdown.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The Advance Estimates for Gross Domestic Product (GDP) growth for 2009-10 pegged at 7.2 per cent. The final figure expected to be higher when the third and fourth quarter GDP estimates for 2009-10 become available.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The growth rate in manufacturing sector in December 2009 was 18.5 per cent – the highest in the past two decades.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">A major concern during the second half of 2009-10 has been the emergence of double digit food inflation. Government has set in motion steps, in consultation with the State Chief Ministers, which should bring down the inflation in the next few months and ensure that there is better management of food security in the country.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>CONSOLIDATING GROWTH</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Fiscal Consolidation</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">With recovery taking root, there is a need to review public spending, mobilize resources and gear them towards building the productivity of the economy.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Fiscal policy shaped with reference to the recommendations of the Thirteenth Finance Commission, which has recommended a calibrated exit strategy from the expansionary fiscal stance of last two years.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">It would be for the first time that the Government would target an explicit reduction in its domestic public debt-GDP ratio.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Tax reforms</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">On the Direct Tax Code (DTC) the wide-ranging discussions with stakeholders have been concluded – Government will be in a position to implement the DTC from April 1, 2011.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Centre actively engaged with the Empowered Committee of State Finance Ministers to finalise the structure of Goods and Services Tax (GST) as well as the modalities of its expeditious implementation. Endeavour to introduce GST by April, 2011</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">People’s ownership of PSUs</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Ownership has been broad based in Oil India Limited, NHPC, NTPC and Rural Electrification Corporation while the process is on for National Mineral Development Corporation and Satluj Jal Vidyut Nigam. This will raise about Rs 25,000 crore during the current year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Higher amount proposed to be raised during the year 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Fertilizer subsidy</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">A Nutrient Based Subsidy policy for the fertiliser sector has been approved by the Government and will become effective from April 1, 2010.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">This will lead to an increase in agricultural productivity and better returns for the farmers, and overtime reduce the volatility in demand for fertiliser subsidy and contain the subsidy bill.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Petroleum and Diesel pricing policy</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Expert Group to advise the Government on a viable and sustainable system of pricing of petroleum products has submitted its recommendations.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Decision on these recommendations will be taken in due course.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Improving Investment Environment</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Foreign Direct Investment</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Number of steps taken to simplify the FDI regime.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Methodology for calculation of indirect foreign investment in Indian companies has been clearly defined.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Complete liberalisation of pricing and payment of technology transfer fee and trademark, brand name and royalty payments.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Financial Stability and Development Council</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">An apex level Financial Stability and Development Council to be set up with a view to strengthen and institutionalise the mechanism for maintaining financial stability.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">This Council would monitor macro-prudential supervision of the economy, including the functioning of large financial conglomerates, and address inter regulatory coordination issues.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Banking Licences</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">RBI is considering giving some additional banking licenses to private sector players. Non Banking Financial Companies could also be considered, if they meet the RBI’s eligibility criteria.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Public Sector Bank Capitalisation</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs.16,500 crore provided to ensure that the Public Sector Banks are able to attain a minimum 8 per cent Tier-I capital by March 31, 2011. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Recapitalisation of Regional Rural Banks (RRB)</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Government to provide further capital to strengthen the RRBs so that they have adequate capital base to support increased lending to the rural economy.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Corporate Governance</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Government has introduced the Companies Bill, 2009 in the Parliament to replace the existing Companies Act, 1956, which will address issues related to regulation in corporate sector in the context of the changing business environment.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Exports</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Extension of existing interest subvention of 2 per cent for one more year for exports covering handicrafts, carpets, handlooms and small and medium enterprises.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Agriculture Growth</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Government will follow a four-pronged strategy, covering</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>(a) Agricultural production</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs. 400 crore provided to extend the green revolution to the eastern region of the country comprising Bihar, Chattisgarh, Jharkhand, Eastern UP, West Bengal and Orissa.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs. 300 crore provided to organise 60,000 “pulses and oil seed villages” in rain-fed areas during 2010-11 and provide an integrated intervention for water harvesting, watershed management and soil health, to enhance the productivity of the dry land farming areas.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs. 200 crore provided for sustaining the gains already made in the green revolution areas through conservation farming, which involves concurrent attention to soil health, water conservation and preservation of biodiversity.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>(b) Reduction in wastage of produce</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Government to address the issue of opening up of retail trade. It will help in bringing down the considerable difference between farm gate, wholesale and retail prices.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Deficit in the storage capacity met through an ongoing scheme for private sector participation – FCI to hire godowns from private parties for a guaranteed period of 7 years.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>(c) Credit support to farmers</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Banks have been consistently meeting the targets set for agriculture credit flow in the past few years. For the year 2010-11, the target has been set at Rs.3,75,000 crore.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">In view of the recent drought in some States and the severe floods in some other parts of the country, the period for repayment of the loan amount by farmers extended by six months from December 31, 2009 to June 30, 2010 under the Debt Waiver and Debt Relief Scheme for Farmers.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Incentive of additional one per cent interest subvention to farmers who repay short-term crop loans as per schedule, increased to 2% for 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>(d) Impetus to the food processing sector</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">In addition to the ten mega food park projects already being set up, the Government has decided to set up five more such parks.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">External Commercial Borrowings to be available for cold storage or cold room facility, including for farm level pre-cooling, for preservation or storage of agricultural and allied produce, marine products and meat.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Infrastructure</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs 1,73,552 crore provided for infrastructure development which accounts for over 46 per cent of the total plan allocation.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Allocation for road transport increased by over 13 per cent from Rs. 17,520 crore to Rs 19,894 crore.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs 16,752 crore provided for Railways, which is about Rs.950 crore more than last year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>India Infrastructure Finance Company Limited (IIFCL)</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">IIFCL’s disbursements are expected to touch Rs 9,000 crore by end March 2010 and reach around Rs 20,000 crore by March 2011.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">IIFCL has refinanced bank lending to infrastructure projects of Rs. 3,000 crore during the current year and is expected to more than double that amount in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The take-out financing scheme announced in the last Budget is expected to initially provide finance for about Rs. 25,000 crore in the next three years.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Energy</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Plan allocation for power sector excluding RGGVY doubled from Rs.2230 crore in 2009-10 to Rs.5,130 crore in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Government proposes to introduce a competitive bidding process for allocating coal blocks for captive mining to ensure greater transparency and increased participation in production from these blocks.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">A “Coal Regulatory Authority” to create a level playing field in the coal sector proposed to be set up.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Plan outlay for the Ministry of New and Renewable Energy increased by 61 percent from Rs.620 crore in 2009-10 to Rs.1,000 crore in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Solar, small hydro and micro power projects at a cost of about Rs.500 crore to be set up in Ladakh region of Jammu and Kashmir.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Environment and Climate change</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">National Clean Energy Fund for funding research and innovative projects in clean energy technologies to be established.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">One-time grant of Rs.200 crore to the Government of Tamil Nadu towards the cost of installation of a zero liquid discharge system at Tirupur to sustain knitwear industry.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs.200 crore provided as a Special Golden Jubilee package for Goa to preserve the natural resources of the State, including sea beaches and forest cover.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Allocation for National Ganga River Basin Authority (NGRBA) doubled in 2010-11 to Rs.500 crore.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Schemes on bank protection works along river Bhagirathi and river Ganga-Padma in parts of Murshidabad and Nadia district of West Bengal included in the Centrally Sponsored Flood Management Programme.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">A project at Sagar Island to be developed to provide an alternate port facility in West Bengal.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>INCLUSIVE DEVELOPMENT</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The spending on social sector has been gradually increased to Rs.1,37,674 crore in 2010-11, which is 37% of the total plan outlay in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Another 25 per cent of the plan allocations are devoted to the development of rural infrastructure.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Education</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Plan allocation for school education increased by 16 per cent from Rs.26,800 crore in 2009-10 to Rs.31,036 crore in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">In addition, States will have access to Rs.3,675 crore for elementary education under the Thirteenth Finance Commission grants for 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Health</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">An Annual Health Survey to prepare the District Health Profile of all Districts shall be conducted in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Plan allocation to Ministry of Health & Family Welfare increased from Rs 19,534 crore in 2009-10 to Rs 22,300 crore for 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Financial Inclusion</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Appropriate Banking facilities to be provided to habitations having population in excess of 2000 by March, 2012.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Insurance and other services to be provided using the Business Correspondent model. By this arrangement, it is proposed to cover 60,000 habitations.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Augmentation of Rs.100 crore each for the Financial Inclusion Fund (FIF) and the Financial Inclusion Technology Fund, which shall be contributed by Government of India, RBI and NABARD.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Rural Development</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs. 66,100 crore provided for Rural Development.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Allocation for Mahatma Gandhi National Rural Employment Guarantee Scheme stepped up to Rs.40,100 crore in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">An amount of Rs.48,000 crore allocated for rural infrastructure programmes under Bharat Nirman.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Unit cost under Indira Awas Yojana increased to Rs.45,000 in the plain areas and to Rs.48,500 in the hilly areas. Allocation for this scheme increased to Rs.10,000 crore.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Allocation to Backward Region Grant Fund enhanced by 26 per cent from Rs.5,800 crore in 2009-10 to Rs 7,300 crore in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Additional central assistance of Rs 1,200 crore provided for drought mitigation in the Bundelkhand region.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Urban Development and Housing</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Allocation for urban development increased by more than 75 per cent from Rs.3,060 crore to Rs.5,400 crore in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Allocation for Housing and Urban Poverty Alleviation raised from Rs.850 crore to Rs.1,000 crore in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Scheme of one per cent interest subvention on housing loan upto Rs.10 lakh, where the cost of the house does not exceed Rs.20 lakh — announced in the last Budget — extended up to March 31, 2011. Rs.700 crore provided for this scheme for the year 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs.1,270 crore allocated for Rajiv Awas Yojana as compared to Rs.150 crore last year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Micro, Small & Medium Enterprises</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">High Level Council on Micro and Small Enterprises to monitor the implementation of the recommendations of High-Level Task Force constituted by Prime Minister.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Allocation for this sector to be increased from Rs.1,794 crore to Rs.2,400 crore for the year 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The corpus for Micro-Finance Development and Equity Fund doubled to Rs.400 crore in 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Unorganised Sector</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>National Social Security Fund for unorganised sector workers</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">National Social Security Fund for unorganised sector workers to be set up with an initial allocation of Rs.1000 crore. This fund will support schemes for weavers, toddy tappers, rickshaw pullers, bidi workers etc.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rashtriya Swasthya Bima Yojana benefits extended to all such Mahatma Gandhi NREGA beneficiaries who have worked for more than 15 days during the preceding financial year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">A new initiative, “Swavalamban” will be available for persons who join New Pension Scheme (NPS), with a minimum contribution of Rs.1,000 and a maximum contribution of Rs.12,000 per annum during the financial year 2010-11, wherein Government will contribute Rs.1,000 per year to each NPS account opened in the year 2010-11. Allocation of Rs.100 crore made for this initiative.</span></span></div><div></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Skill development</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">National Skill Development Corporation has approved three projects worth about Rs 45 crore to create 10 lakh skilled manpower at the rate of one lakh per annum. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">An extensive skill development programme in the textile and garment sector to be launched by leveraging the strength of existing institutions and instruments of the Textile Ministry to train 30 lakh persons over 5 years.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Social Welfare</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Plan outlay for Women and Child Development stepped up by almost 50 per cent.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The ICDS platform being expanded for effective implementation of the Rajiv Gandhi Scheme for Adolescent Girls.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">“Saakshar Bharat” to further improve female literacy rate launched with a target of 7 crore non-literate adults which includes 6 crore women. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Mahila Kisan Sashaktikaran Pariyojana to meet the specific needs of women farmers to be launched with a provision of Rs 100 crore as a sub-component of the National Rural Livelihood Mission.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Plan outlay of the Ministry of Social Justice and Empowerment enhanced by 80 per cent to Rs.4500 crore. With this enhancement, the Ministry will be able to revise rates of scholarship under its post-matric scholarship schemes for SCs and OBC students.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Plan allocation for the Ministry of Minority Affairs increased by 50 per cent from Rs.1,740 crore to Rs.2,600 crore for the year 2010-11.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>STRENGTHENING TRANSPARENCY & PUBLIC ACCOUNTABILITY</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Financial Sector Legislative Reforms Commission to be set up to rewrite and clean up the financial sector laws to bring them in line with the requirements of the sector.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rs 1,900 crore allocated to the Unique Identification Authority of India (UIDAI) for 2010-11. UIDAI will be able to meet its commitments of issuing the first set of UID numbers in the coming year</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">A Technology Advisory Group for Unique Projects (TAGUP) to be set up to look into various technological and systemic issues for effective tax administration and financial governance.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Independent Evaluation Office (IEO) chaired by the Deputy Chairman, Planning Commission to be set up to evaluate the impact of flagship programmes.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i>Security and Justice</i></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Allocation for Defence increased to Rs. 1,47,344 crore including Rs 60,000 crore for capital expenditure.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">About 2,000 youth to be recruited as constables in five Central Para Military Forces from Jammu and Kashmir in the year 2010.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Planning Commission to prepare an integrated action plan for the thirty-three left wing extremism affected districts. Adequate funds will be made available to support the action plan.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Government has approved the setting up of the National Mission for Delivery of Justice and Legal Reforms to help reduce legal backlog in courts from an average of 15 years at present to 3 years by 2012.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>BUDGET ESTIMATES 2010-11</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The Gross Tax Receipts are estimated at Rs. 7,46,651 crore.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The Non Tax Revenue Receipts are estimated at Rs. 1,48,118 crore.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The net tax revenue to the Centre as well as the expenditure provisions in 2010-11 have been estimated with reference to the recommendations of the Thirteenth Finance Commission.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The total expenditure proposed in the Budget Estimates is Rs. 11,08,749 crore, which is an increase of 8.6 per cent over last year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The Plan and Non Plan expenditures in BE 2010-11 are estimated at Rs. 3,73,092 crore and Rs. 7,35,657 crore respectively. While there is 15 per cent increase in Plan expenditure, the increase in Non Plan expenditure is only 6 per cent over the BE of previous year. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Fiscal deficit for BE 2010-11 at 5.5 per cent of GDP, which works out to Rs.3,81,408 crore.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">7.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Taking into account the various other financing items for fiscal deficit, the actual net market borrowing of the Government in 2010-11 would be of the order of Rs.3,45,010 crore. This would leave enough space to meet the credit needs of the private sector.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">8.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The rolling targets for fiscal deficit are pegged at 4.8 per cent and 4.1 per cent for 2011-12 and 2012-13, respectively. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">9.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Against a fiscal deficit of 7.8 per cent in 2008-09, inclusive of oil and fertilizer bonds, the comparable fiscal deficit is 6.9 per cent as per the Revised Estimates for 2009- 10.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">10.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Conscious effort made to avoid issuing bonds to oil and fertilizer companies. Government would like to continue with this practice of extending Government subsidy in cash, thereby bringing all subsidy related liabilities into Government’s fiscal accounting.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>PART B TAX PROPOSALS</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The Centralized Processing Centre at Bengaluru is now fully functional and is processing around 20,000 returns daily. This initiative will be taken forward by setting up two more Centres during the year. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The Income Tax department has introduced “Sevottam”, a pilot project at Pune, Kochi and Chandigarh through Aayakar Seva Kendras, which provide a single window system for registration of all applications including those for redressal of grievances as well as paper returns. The scheme will be extended to four more cities in the year. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Automation of Central Excise & Service Tax, has already been rolled out throughout the country this year. Similarly, a Mission Mode Project for computerization of Commercial Taxes in States has been approved recently. With an outlay of Rs. 1133 crore of which the Centre’s share is Rs. 800 crore, the project will lay the foundation for the launch of GST.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The income tax department to notify SARAL-II form for individual salaried taxpayers for the coming assessment year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Scope of cases which may be admitted by the Settlement Commission expanded to include proceedings related to search and seizure cases pending for assessment. Scope of Settlement Commission also expanded in respect of Central Excise and Customs to include certain categories of cases that hitherto fell outside its jurisdiction.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Bi-lateral discussions commenced to enhance the exchange of bank related and other information to effectively track tax evasion and identify undisclosed assets of resident Indians lying abroad.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Direct Taxes</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Income tax slabs for individual taxpayers to be as follows</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Income upto Rs 1.6 lakh</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Nil</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Income above Rs 1.6 lakh and upto Rs. 5 lakh</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">10 per cent</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Income above Rs.5 lakh and upto Rs. 8 lakh</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">20 per cent</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Income above Rs. 8 lakh</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">30 per cent</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Deduction of an additional amount of Rs. 20,000 allowed, over and above the existing limit of Rs.1 lakh on tax savings, for investment in long-term infrastructure bonds as notified by the Central Government</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Besides contributions to health insurance schemes which is currently allowed as a deduction under the Income-tax Act, contributions to the Central Government Health Scheme also allowed as a deduction under the same provision. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Current surcharge of 10 per cent on domestic companies reduced to 7.5 per cent.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rate of Minimum Alternate Tax (MAT) increased from the current rate of 15 per cent to 18 per cent of book profits.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To further encourage R&D across all sectors of the economy, weighted deduction on expenditure incurred on in-house R&D enhanced from 150 per cent to 200 per cent. Weighted deduction on payments made to National Laboratories, research associations, colleges, universities and other institutions, for scientific research enhanced from 125 per cent to 175 per cent. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">7.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Payment made to an approved association engaged in research in social sciences or statistical research to be allowed as a weighted deduction of 125 per cent. The income of such approved research association shall be exempt from tax. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">8.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Benefit of investment linked deduction under the Act extended to new hotels of two-star category and above anywhere in India to boost investment in the tourism sector.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">9.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Allow pending projects to be completed within a period of five years instead of four years for claiming a deduction of their profits, as a one time interim relief to the housing and real estate sector. Norms for built-up area of shops and other commercial establishments in housing projects to be relaxed to enable basic facilities for their residents.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">10.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Limits for turnover over which accounts need to be audited enhanced to Rs. 60 lakh for businesses and to Rs. 15 lakh for professions. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">11.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Limit of turnover for the purpose of presumptive taxation of small businesses enhanced to Rs. 60 lakh.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">12.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">If tax has been deducted on payment by way of any expense and is paid before the due date of filing the return, such expenditure to be allowed for deduction. Interest charged on tax deducted but not deposited by the specified date to be increased from 12 per cent to 18 per cent per annum. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">13.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To facilitate the conversion of small companies into Limited Liability Partnerships, transfer of assets as a result of such conversion not to be subject to capital gains tax.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">14.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">“The advancement of any other object of general public utility” to be considered as “charitable purpose” even if it involves carrying on of any activity in the nature of trade, commerce or business provided that the receipts from such activities do not exceed Rs.10 lakh in the year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">15.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Proposals on direct taxes estimated to result in a revenue loss of Rs. 26,000 crore for the year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Indirect Taxes</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rate reduction in Central Excise duties to be partially rolled back and the standard rate on all non-petroleum products enhanced from 8 per cent to 10 per cent ad valorem.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The specific rates of duty applicable to portland cement and cement clinker also adjusted upwards proportionately. Similarly, the ad valorem component of excise duty on large cars, multi-utility vehicles and sports-utility vehicles increased by 2 percentage points to 22 per cent.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Restore the basic duty of 5 per cent on crude petroleum; 7.5 per cent on diesel and petrol and 10 per cent on other refined products. Central Excise duty on petrol and diesel enhanced by Re.1 per litre each.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Some structural changes in the excise duty on cigarettes, cigars and cigarillos to be made coupled with some increase in rates. Excise duty on all non-smoking tobacco such as scented tobacco, snuff, chewing tobacco etc to be enhanced. Compounded levy scheme for chewing tobacco and branded unmanufactured tobacco based on the capacity of pouch packing machines to be introduced.</span></span></div><div></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Agriculture & Related Sectors</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Provide project import status with a concessional import duty of 5 per cent for the setting up of mechanised handling systems and pallet racking systems in ‘mandis’ or warehouses for food grains and sugar as well as full exemption from service tax for the installation and commissioning of such equipment.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Provide project import status at a concessional customs duty of 5 per cent with full exemption from service tax to the initial setting up and expansion of </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1)</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Cold storage, cold room including farm pre-coolers for preservation or storage of agriculture and related sectors produce ; and </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2)</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Processing units for such produce.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Provide full exemption from customs duty to refrigeration units required for the manufacture of refrigerated vans or trucks. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Provide concessional customs duty of 5 per cent to specified agricultural machinery not manufactured in India; </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Provide central excise exemption to specified equipment for preservation, storage and processing of agriculture and related sectors and exemption from service tax to the storage and warehousing of their produce; and </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Provide full exemption from excise duty to trailers and semi-trailers used in agriculture.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">7.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Concessional import duty to specified machinery for use in the plantation sector to be, extended up to March 31, 2011 along with a CVD exemption. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">8.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To exempt the testing and certification of agricultural seeds from service tax.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">9.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">The transportation by road of cereals, and pulses to be exempted from service tax. Transportation by rail to remain exempt.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">10.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To ease the cash flow position for small-scale manufacturers, they would be permitted to take full credit of Central Excise duty paid on capital goods in a single installment in the year of their receipt. Secondly, they would be permitted to pay Central Excise duty on a quarterly, rather than monthly, basis. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Environment</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To build the corpus of the National Clean Energy Fund, clean energy cess on coal produced in India at a nominal rate of Rs.50 per tonne to be levied. This cess will also apply on imported coal.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Provide a concessional customs duty of 5 per cent to machinery, instruments, equipment and appliances etc. required for the initial setting up of photovoltaic and solar thermal power generating units and also exempt them from Central Excise duty. Ground source heat pumps used to tap geo-thermal energy to be exempted from basic customs duty and special additional duty.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Exempt a few more specified inputs required for the manufacture of rotor blades for wind energy generators from Central Excise duty.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Central Excise duty on LED lights reduced from 8 per cent to 4 per cent at par with Compact Fluorescent Lamps.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To remedy the difficulty faced by manufacturers of electric cars and vehicles in neutralising the duty paid on their inputs and components, a nominal duty of 4 percent on such vehicles imposed. Some critical parts or sub-assemblies of such vehicles exempted from basic customs duty and special additional duty subject to actual user condition. These parts would also enjoy a concessional CVD of 4 percent.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">A concessional excise duty of 4 per cent provided to “soleckshaw”, a product developed by CSIR to replace manually-operated rickshaws. Its key parts and components to be exempted from customs duty.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">7.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Import of compostable polymer exempted from basic customs duty.</span></span></div><div></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Infrastructure</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Project import status to ‘Monorail projects for urban transport’ at a concessional basic duty of 5 per cent granted.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To allow resale of specified machinery for road construction projects on payment of import duty at depreciated value. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To encourage the domestic manufacture of mobile phones accessories, exemptions from basic, CVD and special additional duties are now being extended to parts of battery chargers and hands-free headphones. The validity of the exemption from special additional duty is being extended till March 31, 2011.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Medical Sector</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Uniform, concessional basic duty of 5 per cent, CVD of 4 per cent with full exemption from special additional duty prescribed on all medical equipments. A concessional basic duty of 5 per cent is being prescribed on parts and accessories for the manufacture of such equipment while they would be exempt from CVD and special additional duty.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Full exemption currently available to medical equipment and devices such as assistive devices, rehabilitation aids etc. retained. The concession available to Government hospitals or hospitals set up under a statute also retained.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Specified inputs for the manufacture of orthopaedic implants exempted from import duty.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Infotainment</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">To address the difficulties experienced by film industry in importing digital masters of films for duplication or distribution loaded on electronic medium vis-a-vis those imported on cinematographic film, owing to a differential customs duty structure, customs duty to be charged only on the value of the carrier medium. The same dispensation would apply to music and gaming software imported for duplication. In all such cases the value representing the transfer of intellectual property rights would be subjected to service tax.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Provide project import status at a concessional customs duty of 5 per cent with full exemption from special additional duty to the initial setting up “Digital Head End” equipment by multi-service operators.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Precious Metals</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rates on precious metals indexed as follows:</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1)</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">On gold and platinum from Rs.200 per 10 grams to Rs.300 per 10 grams</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2)</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">On silver from Rs.1,000 per kg to Rs.1,500 per kg.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Basic customs on Rhodium – a precious metal used for polishing jewellery reduced to 2 per cent.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Basic customs duty on gold ore and concentrates reduced from 2 per cent ad valorem to a specific duty of Rs.140 per 10 grams of gold content with full exemption from special additional duty. Further, the excise duty on refined gold made from such ore or concentrate reduced from 8 per cent to a specific duty of Rs.280 per 10 grams.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Other Proposals</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Full exemption from import duty available to specified inputs or raw materials required for the manufacture of sports goods expanded to cover a few more items.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Basic customs duty on one of key components in production of micro-wave ovens, namely magnetrons, reduced from 10 per cent to 5 per cent. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Value limit of Rs. 1 lakh per annum on duty-free import of commercial samples as personal baggage enhanced to Rs. 3 lakh per annum.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Outright exemption from special additional duty provided to goods imported in a pre-packaged form for retail sale. This would also cover mobile phones, watches and ready-made garments even when they are not imported in pre-packaged form. The refund-based exemption is also being retained for cases not covered by the new dispensation.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Toy balloons fully exempted from Central Excise duty.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Reduction in basic customs duty on long pepper from 70 per cent to 30 per cent;</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">7.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Reduction in basic customs duty on asafoetida from 30 per cent to 20 per cent;</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">8.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Reduction in central excise duty on replaceable kits for household type water filters other than those based on RO technology to 4 per cent;</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">9.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Reduction in central excise duty on corrugated boxes and cartons from 8 per cent to 4 per cent;</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">10.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Reduction in central excise duty on latex rubber thread from 8 per cent to 4 percent; and</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">11.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Reduction in excise duty on goods covered under the Medicinal and Toilet Preparations Act from 16 per cent to 10 per cent.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">12.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Proposals relating to customs and central excise are estimated to result in a net revenue gain of Rs. 43,500 crore for the year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><b>Service Tax</b></span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">1.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Rate of tax on services retained at 10 per cent to pave the way forward for GST.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">2.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Certain services, hitherto untaxed, to be brought within the purview of the service tax levy. These to be notified separately. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">3.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Process of refund of accumulated credit to exporters of services, especially in the area of Information Technology and Business Process Outsourcing, made easy by making necessary changes in the definition of export of services and procedures.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">4.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Accredited news agencies which provide news feed online that meet certain criteria, exempted from service tax. </span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">5.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Proposals relating to service tax are estimated to result in a net revenue gain of Rs 3,000 crore for the year.</span></span></div><div><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">6.</span></span><span class="Apple-tab-span" style="white-space: pre;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;"> </span></span></span><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-size: small;">Proposals on direct taxes estimated to result in a revenue loss of Rs. 26,000 crore for the year. Proposals relating to Indirect Taxes estimated to result in a net revenue gain of Rs.46,500 crore for the year. Taking into account the concessions being given in the tax proposals and measures taken to mobilise additional resources, the net evenue gain is estimated to be Rs. 20,500 crore for the year</span></span></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com1tag:blogger.com,1999:blog-570745195508335400.post-35385567596485828212010-03-09T17:43:00.005+05:302010-03-09T18:00:39.186+05:30Central Excise Duty Rate - Budget 2010<div align="center" class="MsoNormal" style="text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">EXPLANATORY NOTES (EXCISE)<o:p></o:p></span></b></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></i></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Note: All changes come into effect immediately unless otherwise specified. <o:p></o:p></span></i></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">GENERAL <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Enhancement of Standard Rate: -</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> The standard rate of excise duty, which was reduced to 8% in February 2009 as a part of the Stimulus package on non-petroleum products is now being enhanced from 8% to 10% with a few exceptions. Consequent to the increase in the standard rate, rates of excise duty on certain products like Cement, Large Cars etc. are also being suitably enhanced. Chapter wise changes in excise duty rates, other than enhancement of standard rate from 8% to 10%, are given below: <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapters 1 to 10 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 11 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">11.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty exemption on Tapioca Starch & Maize Starch is being withdrawn and these products will now attract excise duty at 4%. (S.No. 3 of Notification 3/2006-CE as amended by the notification 9/2010-CE dated 27.02.2010 refers) <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">11.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on potato starch is being reduced from 8% to 4 %.( S.No. 3 of Notification 3/2006-CE as amended by the notification 9/2010-CE dated 27.02.2010 refers) <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapters 12 to 20 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 21 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">21.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on Betel nut product known as „Supari. is being fully exempted from excise duty. However, Scented Supari will continue to attract duty at applicable rates. (S.No. 27Aof Notification 3/2006-CE as amended by the notification 9/2010-CE dated 27.02.2010 refers) <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">21.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Amendment Rules, 2010 have been issued to amend Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008 to effect certain technical changes in the said rules (Notification No. 8/2010-Central Excise (N.T.), dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 22 & 23 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 24 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> The existing slab of filter cigarettes of length not exceeding 70 mm is being broken up into two slabs: <i style="mso-bidi-font-style: normal;">filter cigarettes of length not exceeding 60 mm;</i> and <i style="mso-bidi-font-style: normal;">filter cigarettes of length exceeding 60 mm but not exceeding 70 mm</i> (Clause 74 of the Finance Bill refers). Suitable rates are being prescribed for these slabs. The basic excise duty (BED) on other cigarettes is also being revised. The revised rates of excise duty including basic excise, additional excise and NCCD on cigarettes are as under: <o:p></o:p></span><br />
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<div style="text-align: auto;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="border-collapse: collapse; font-size: 11px; line-height: normal;"><b><table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-bottom-style: none; border-collapse: collapse; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; width: 499px;"><tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0;"> <td style="border: solid black 1.0pt; mso-border-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">Sl. No.<o:p></o:p></span></b></div></td> <td style="border-left: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">Description <o:p></o:p></span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br />
</div></td> <td style="border-left: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">Present Rate <o:p></o:p></span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br />
</div></td> <td style="border-left: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">Proposed Rate<o:p></o:p></span></b></div></td> </tr>
<tr style="mso-yfti-irow: 1;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br />
</div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">Non-filter length in mm<o:p></o:p></span></b></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">(Rs. per 1000)<o:p></o:p></span></b></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br />
</div></td> </tr>
<tr style="mso-yfti-irow: 2;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" width="37"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">1.<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">Not exceeding 60 <o:p></o:p></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br />
</div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" width="114"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">819<o:p></o:p></span></div><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><br />
</div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">669(509 BED+70 AED+90 NCCD) <o:p></o:p></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br />
</div></td> </tr>
<tr style="mso-yfti-irow: 3;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" width="37"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">2.<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">Exceeding 60 but not exceeding 70 <o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" width="114"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">1323<o:p></o:p></span></div><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><br />
</div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">1473(1218 BED+110 AED +145 NCCD) <o:p></o:p></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br />
</div></td> </tr>
<tr style="mso-yfti-irow: 4;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" width="37"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><br />
</div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Filter length in mm<o:p></o:p></span></b></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" width="114"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><br />
</div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br />
</div></td> </tr>
<tr style="mso-yfti-irow: 5;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" width="37"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">3.<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Not exceeding 60<o:p></o:p></span></div></td> <td rowspan="2" style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" width="114"> <div align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">819<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-padding-alt: 0in 5.4pt 0in 5.4pt;"><tbody>
<tr style="height: 10.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0; mso-yfti-lastrow: yes;"> <td style="border: none; height: 10.0pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">669(509 BED+70 AED +90 NCCD) <o:p></o:p></span></div></td> </tr>
</tbody></table><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;"><o:p></o:p></span></div></td> </tr>
<tr style="mso-yfti-irow: 6;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" width="37"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">4.<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Exceeding 60 but not exceeding 70<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-padding-alt: 0in 5.4pt 0in 5.4pt;"><tbody>
<tr style="height: 4.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0; mso-yfti-lastrow: yes;"> <td style="border: none; height: 4.0pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">969(809 BED+70 AED +90 NCCD) <o:p></o:p></span></div></td> </tr>
</tbody></table><div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;"><o:p></o:p></span></div></td> </tr>
<tr style="mso-yfti-irow: 7;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" width="37"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">5.<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Exceeding 70 but not exceeding 75<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" width="114"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">1323<o:p></o:p></span></div><div align="center" class="MsoNormal" style="text-align: center;"><br />
</div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <div class="Default"><br />
</div><table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-padding-alt: 0in 5.4pt 0in 5.4pt;"><tbody>
<tr style="height: 10.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0; mso-yfti-lastrow: yes;"> <td style="border: none; height: 10.0pt; padding: 0in 5.4pt 0in 5.4pt;" valign="top"> <div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">1473(1218 BED+110 HC+145 NCCD) <o:p></o:p></span></div></td> </tr>
</tbody></table><div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;"><o:p></o:p></span></div></td> </tr>
<tr style="mso-yfti-irow: 8;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" width="37"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">6.<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Exceeding 75 but not exceeding 85<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" width="114"> <div align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">1759<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">1959(1624 BED+145 AED +190 NCCD)<o:p></o:p></span></div></td> </tr>
<tr style="mso-yfti-irow: 9;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" width="37"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">7.<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Others<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" width="114"> <div align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">2163<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">2363(1948 BED+180 HC+235 NCCD)<o:p></o:p></span></div></td> </tr>
<tr style="mso-yfti-irow: 10; mso-yfti-lastrow: yes;"> <td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" width="37"> <div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt;">8.<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 103.5pt;" valign="top" width="138"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Cigarettes of tobacco substitutes<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" width="114"> <div align="center" class="MsoNormal" style="text-align: center;"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">1208<o:p></o:p></span></div></td> <td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 157.5pt;" valign="top" width="210"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">1408(1258 BED +150 NCCD)<o:p></o:p></span></div></td> </tr>
</tbody></table></b></span></span></div></div></span></div><div class="MsoNormal" style="text-align: justify;"></div><div align="center" style="text-align: auto;"><span class="Apple-style-span" style="border-collapse: collapse;"><br />
</span></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Note: BED, AED and NCCD stands for Basic Excise Duty, Additional Excise Duty and National Calamity Contingent Duty respectively.<o:p></o:p></span></i></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Effective rate of basic excise duty for cigarettes (both filter and non-filter) of length not exceeding 60 millimeters is being prescribed separately. (Notification No. 18/2010-Central Excise dated 27.02.2010 refers) <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> At present, cigars, cheroots and cigarillos of tobacco attract ad valorem rate of basic excise duty (BED) of 8% plus health cess of 1.6%. These rates are now being replaced with a composite rate of “10% or Rs.1227 per thousand, whichever is higher” (BED) and “1.6% or Rs.246 per thousand whichever is higher” (AED). Cigars, cheroots and cigarillos of tobacco substitutes will now attract BED of “10% or Rs.1473/1000” whichever is higher <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.3</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Basic excise duty on branded unmanufactured tobacco and tobacco refuse is being increased from 42% to 50%. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.4</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Basic excise duty on chewing tobacco, preparations containing chewing tobacco, zarda, scented tobacco, snuff and its preparations, tobacco extracts and essences etc. is being increased from 50% to 60%. The rates of abatement of the commodities are also being accordingly revised. (Notification No. 9/2010-Central Excise (N.T.) dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.5</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Basic excise duty on branded homogenized or reconstituted tobacco is being increased from 50% to 60%. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.6</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Basic excise duty on items of other smoking tobacco (branded) is being increased from 34% to 40%.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.7</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Basic excise duty on smoking mixtures of pipes and cigarettes is being increased from 300% to 360%.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.8</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Basic excise duty on cut tobacco is being increased from Rs.50 per kg. to Rs.60 per kg. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.9</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Basic excise duty on manufactured tobacco other than chewing tobacco, preparations containing chewing tobacco, zarda scented tobacco, snuff and its preparations, tobacco extracts and essences etc and is being increased from 50% to 60%. <i style="mso-bidi-font-style: normal;">(Clause 74 of the Finance Bill 2010 refers for changes in 24.1 to 24.9 above) </i><o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.10</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> The duty on other Pan Masala is being increased from 8% to 10%. (Entry no. 29A of Notification no. 3/2006-Central Excise as amended by Notification no. 9/2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.11</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Basic excise duty on branded „hookah. or „gudaku. Tobacco is being increased from 8% to 10%. (Entry no. 33 of Notification no. 3/2006- Central Excise as amended by Notification no. 9/2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.12</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> The duty on other smoking tobacco (unbranded) is being increased from 8% to 10%. (Entry no. 35 of Notification no. 3/2006- Central Excise as amended by Notification no. 9/2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.13</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> The duty on other manufactured tobacco and manufactured tobacco substitutes (unbranded) is being increased from 8% to 10%. (Entry no. 40 of Notification no. 3/2006- Central Excise as amended by Notification no. 9/2010- Central Excise dated 27.02.2010 refers) <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.14</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> The AED on cigars, cheroots and cigarillos of tobacco is being revised from 1.6% to “1.6% or Rs.246 per thousand whichever is higher” (Entry no. 4&5 of Notification no. 6/2005- Central Excise as amended by Notification no. 8/2010- Central Excise dated 27.02.2010 refers) <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.15</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Unmanufactured tobacco, bearing a brand name, falling under tariff heading 2401 of the Excise Tariff and chewing tobacco falling under tariff item 2403 99 10 of the said Tariff, manufactured with the aid of packing machine and packed in pouches have been declared as “notified goods” under Section 3A of the Central Excise Act, and, accordingly, these shall be levied to duty of excise in accordance with the provisions of the section 3A (Notification No. 10/2010-Central Excise (N.T.), dated 27.02.2010 refers). The rate of duty to be levied on these goods under Section 3A per machine per month for different denomination of Retail Sale Price (RSP) of poucheshas been specified in notification No. 16/2010-Central Excise, dated 27.02.2010. Further, Chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010 are also being issued for administration of the new levy. This new levy shall be effective from 08.03.2010. (Notification No. 11/2010-Central Excise (N.T.) dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">24.16</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Amendment Rules, 2010 have been issued to amend Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008 to effect certain technical changes in the said rules (Notification No. 8/2010-Central Excise (N.T.), dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 25: <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">25.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Consequent to enhancement in the standard rate of duty from 8% to 10%, the specific rates of duty on cement and cement clinker is also being revised upwards as follows: <o:p></o:p></span></div><div class="MsoNormal"><b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><o:p> <span class="Apple-style-span" style="font-family: 'Times New Roman'; font-size: medium; font-weight: normal; line-height: normal;"><b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><o:p> </o:p></span></b></span></o:p></span></b></div><div class="MsoNormal"><b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Mini cement plant:</span></b></div><div class="MsoNormal"><b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"></span></b><br />
<b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"></span></b><br />
<b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"></span></b><br />
<b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"></span></b><br />
<b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><span class="Apple-style-span" style="border-collapse: collapse; font-size: medium; font-weight: normal; line-height: normal;"></span></span></b><br />
<b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><span class="Apple-style-span" style="border-collapse: collapse; font-size: medium; font-weight: normal; line-height: normal;"><table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-bottom-style: none; border-collapse: collapse; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; width: 481px;"><tbody>
<tr style="height: 9.85pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;"> <td style="border: solid windowtext 1.0pt; height: 9.85pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .2in;" valign="top" width="19"><div class="MsoNormal"><br />
</div></td> <td style="border-left: none; border: solid windowtext 1.0pt; height: 9.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 2.25in;" valign="top" width="216"><div class="MsoNormal"><b><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Cement</span></b><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div></td> <td style="border-left: none; border: solid windowtext 1.0pt; height: 9.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal"><b><i><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Present rate </span></i></b><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div></td> <td style="border-left: none; border: solid windowtext 1.0pt; height: 9.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 94.5pt;" valign="top" width="126"><div class="MsoNormal"><b><i><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Proposed rate </span></i></b><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div></td> </tr>
<tr style="height: 136.5pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;"> <td style="border-top: none; border: solid windowtext 1.0pt; height: 136.5pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .2in;" valign="top" width="19"><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">1</span><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">2.<i> </i></span><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 136.5pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 2.25in;" valign="top" width="216"><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Cleared in packaged form,- <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">(i) of retail sale price not exceeding Rs. 190 per 50 kg bag or of per tonne equivalent retail sale price not exceeding Rs. 3800; <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">(ii) of retail sale price exceeding Rs. 190 per 50 kg bag or of per tonne equivalent retail sale price exceeding Rs. 3800; <o:p></o:p></span></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Cleared other than in packaged form<o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 136.5pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs.145 per tonne <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs. 250 per tonne <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs. 170 per tonne <o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 136.5pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 94.5pt;" valign="top" width="126"><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs.185 per tonne <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs.315 per tonne <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs.215 per tonne <o:p></o:p></span></div></td> </tr>
</tbody></table></span></span></b><br />
<b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b><br />
<b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Other than mini cement plant<i>:</i></span></b></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 9pt; line-height: 115%;"></span></i><br />
<i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 9pt; line-height: 115%;"></span></i><br />
<i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 9pt; line-height: 115%;"><table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-bottom-style: none; border-collapse: collapse; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; width: 481px;"><tbody>
<tr style="height: 9.85pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;"> <td style="border: solid windowtext 1.0pt; height: 9.85pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .2in;" valign="top" width="19"><div class="MsoNormal"><br />
</div></td> <td style="border-left: none; border: solid windowtext 1.0pt; height: 9.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 139.5pt;" valign="top" width="186"><div class="MsoNormal"><b><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Cement</span></b><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div></td> <td style="border-left: none; border: solid windowtext 1.0pt; height: 9.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 112.5pt;" valign="top" width="150"><div class="MsoNormal"><b><i><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Present rate </span></i></b><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div></td> <td style="border-left: none; border: solid windowtext 1.0pt; height: 9.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 94.5pt;" valign="top" width="126"><div class="MsoNormal"><b><i><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Proposed rate </span></i></b><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div></td> </tr>
<tr style="height: 161.7pt; mso-yfti-irow: 1;"> <td style="border-top: none; border: solid windowtext 1.0pt; height: 161.7pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .2in;" valign="top" width="19"><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">1</span><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">2<i> </i></span><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;"><o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 161.7pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 139.5pt;" valign="top" width="186"><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Cleared in packaged form,- <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">(i) of retail sale price not exceeding Rs. 190 per 50 kg bag or of per tonne equivalent retail sale price not exceeding Rs. 3800; <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">(ii) of retail sale price exceeding Rs. 190 per 50 kg bag of per tonne equivalent retail sale price exceeding Rs. 3800 <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Cleared other than in packaged form <o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 161.7pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 112.5pt;" valign="top" width="150"><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs. 230 per tonne <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">8% of retail sale price <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">8% or Rs. 230 per tonne, whichever is higher <o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 161.7pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 94.5pt;" valign="top" width="126"><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs.290 per tonne <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">10% of retail sale price <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">10% or Rs.290 per tonne whichever is higher <o:p></o:p></span></div></td> </tr>
<tr style="height: 10.0pt; mso-yfti-irow: 2; mso-yfti-lastrow: yes;"> <td colspan="2" style="border-top: none; border: solid windowtext 1.0pt; height: 10.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 153.9pt;" valign="top" width="205"><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Cement clinker <o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 112.5pt;" valign="top" width="150"><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs.300 per tonne <o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 94.5pt;" valign="top" width="126"><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 8pt; line-height: 115%;">Rs. 375 per tonne <o:p></o:p></span></div></td> </tr>
</tbody></table></span></i><br />
<i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 9pt; line-height: 115%;">(S.No. (i) to (v) of notification No. 10/2010- Central Excise dated 27.02.2010 refers).</span></i><br />
<i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 9pt; line-height: 115%;"></span></i></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b><br />
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 26: <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 27: <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">27.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> A new cess to be called „Clean Energy Cess. is being imposed on Coal, Lignite and peat (CETH 2701, 2702, & 2703) produced in India. This will come into force from the date to be notified after the enactment of the Finance Bill, 2010. (Clause 82 & 83 of the Finance Bill, 2010 read with the Tenth schedule refers) <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">27.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise exemption on Avgas is being withdrawn and 4% excise duty is being imposed on it. (S.No.16 of the Notification No. 4/2006-CE dated the 1st March 2006 as amended vide notification no. 10/2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">27.3</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> The rates of excise duty on Motor Spirit (commonly known as petrol) and HSD (diesel) are being increased by Re.1 per litre. The revised rates of duty on these items are as under: <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 9pt; line-height: 115%;"><span class="Apple-style-span" style="font-size: 13px; font-style: normal; line-height: 14px;"></span></span></i><br />
<i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 9pt; line-height: 115%;"><table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-bottom-style: none; border-collapse: collapse; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; width: 415px;"><tbody>
<tr style="height: 22.55pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;"> <td style="border: solid windowtext 1.0pt; height: 22.55pt; mso-border-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 63.9pt;" valign="top" width="85"> <div class="MsoNormal"><b><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Description </span></b><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;"><o:p></o:p></span></div></td> <td style="border-left: none; border: solid windowtext 1.0pt; height: 22.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 117.0pt;" valign="top" width="156"> <div class="MsoNormal"><b><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Intended for sale without Brand Name </span></b><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;"><o:p></o:p></span></div></td> <td style="border-left: none; border: solid windowtext 1.0pt; height: 22.55pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"> <div class="MsoNormal"><b><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Intended for sale with Brand Name </span></b><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;"><o:p></o:p></span></div></td> </tr>
<tr style="height: 10.0pt; mso-yfti-irow: 1;"> <td style="border-top: none; border: solid windowtext 1.0pt; height: 10.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 63.9pt;" valign="top" width="85"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">Motor Spirit <o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 117.0pt;" valign="top" width="156"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">*Rs.14.35 per litre <o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">*Rs.15.50 per litre <o:p></o:p></span></div></td> </tr>
<tr style="height: 10.0pt; mso-yfti-irow: 2; mso-yfti-lastrow: yes;"> <td style="border-top: none; border: solid windowtext 1.0pt; height: 10.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 63.9pt;" valign="top" width="85"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">HSD <o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 117.0pt;" valign="top" width="156"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">**Rs.4.60 per litre <o:p></o:p></span></div></td> <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 10.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"> <div class="MsoNormal"><span style="font-family: "Verdana","sans-serif"; font-size: 8.0pt; line-height: 115%;">**Rs.5.75 per litre <o:p></o:p></span></div></td> </tr>
</tbody></table>(S.No.17 & 19 of the Notification No. 4/2006-CE dated the 1st March 2006 as amended vide notification No. 10/2010- Central Excise dated 27.02.2010 refers).Note: *Includes Rs.2 additional excise duty and Rs.6 special additional excise duty. ** Includes Rs.2 additional excise duty. <o:p></o:p></span></i></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">27.4</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Sub-heading 2712 20, tariff items 2712 20 10 and 2712 20 90 have been substituted by tariff item „2712 20 00. covering the item „Paraffin wax containing by weight less than 0.75% of oil.. Tariff item „2712 90 40. Is being inserted to cover „Paraffin wax containing by weight 0.75% of oil or more. There is no change in the duty structure. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 28 to 32. <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 33 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">33.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty is being exempted on security ink manufactured by Bank Note Press, Dewas (Madhya Pradesh) and supplied to Bank Note Press, Dewas, Currency Note Press, Nashik, India Security Press, Nashik, Security Printing Press, Hyderabad, Bhartiya Reserve Bank Note Mudran Limited, Mysore and Bhartiya Reserve Bank Note Mudran Limited, Salbony. (S.No. (xvii) of notification No. 10/2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">33.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty is being exempted on Fractionated/ De-terpenated Mentha oil (DTMO), De-mentholised Oil (DMO), Spearmint oil, Mentha Piperita oil and any other by products/ intermediate arising in the course of manufacture of Menthol (S.No. (xviii) Of notification No. 10/2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 34 to 39 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 40 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">40.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on latex rubber thread of tariff item 4007 00 10 is being reduced from 8% to 4% (S.No. 82 of the notification No. 4/2006-Central Excise as amended vide notification No. 10/2010-Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">40.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on Toy Rubber Balloons of Natural Rubber Latex falling under heading 40 is being reduced from 8% to Nil (S.No. 85A of the notification No. 4/2006-Central Excise as inserted vide Notification No. 10/2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 41-47 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 48</span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">48.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty at 10% is being imposed on Baby and clinical diapers, which were fully exempt so far. (Relevant bill entries read with S.No. 96B of the notification No. 4/2006-Central Excise as inserted vide Notification No. 10/2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">48.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty exemption on Sanitary napkins is also being withdrawn and these goods will now attract standard rate of duty at 10% (Relevant bill entries read with S.No. 96C of the notification No. 4/2006-Central Excise as inserted vide Notification No. 10/2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">48.3</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on Cartons, boxes and cases, of corrugated paper or paperboard manufactured by Standalone manufacturers is being reduced from 8% to 4% (S.No. 96E of the notification No. 4/2006-Central Excise as inserted vide Notification No. vide notification No. 10/2010-Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 50 to 62 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 63 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">63.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty exemption on Mosquito nets impregnated with insecticide is being withdrawn and duty @ 4% is being imposed (S. No.3 of notification No. 5/2006- Central Excise, dated 01.03.2006 as amended vide S. No. (iv) of notification No. 11/2010-Central Excise, dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">63.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty exemption on umbrella panels is being withdrawn and duty @ 4% is being imposed. (S.No.79 of notification No. 3/2005- Central Excise, dated 24.02.2005 omitted vide notification No. 7/2010-Central Excise, dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapters 64 & 65 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 66 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">66.1.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on all parts of umbrellas and sun umbrellas including umbrella panels, irrespective of their classification in the Excise Tariff, is being unified at 4% (S. No.5C of notification No. 5/2006- Central Excise, dated 01.03.2006 as inserted vide S. No. (v) of notification No. 11/2010-Central Excise, dated 27.02.2010 refers; S. No.79 of notification No. 3/2005- Central Excise, dated 24.02.2005 is being omitted notification No. 7/2010-Central Excise, dated 27.02.2010). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 67 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 68 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">68.1.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> A Chapter Note is being inserted in Chapter 68 to the effect that in relation to products of headings 6802 and 6810, the process of cutting or sawing or sizing or polishing of stone blocks or any other process, for converting of blocks into slabs or tiles, shall amount to “manufacture” (clause 73 of Finance Bill, 2010 refers). Accordingly, the slabs or tiles classifiable under CETH 6802 or 6810 manufactured out of blocks of natural stone or agglomerated artificial are now excisable. However, marble slabs and tiles classifiable under chapter 25 and marble tiles falling under chapter 68 attract the same specific rate of Rs. 30 per square metre (S. No. 2 of Notification 4/2006-C.E., dated 1st March 2006 refers) and as such finishing processes like cutting, sawing, polishing etc. on duty paid slabs or tiles of marble will (if not resulting in change of classification) not attract any further excise duty. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 69 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">69.1.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> S. No. 13 of notification No. 5/2006- Central Excise, dated 01.03.2006 prescribing concessional excise duty rate of 8% on ceramic tiles, manufactured in a factory not using electricity for firing the kiln, is being omitted. Consequently, all ceramic tiles, whether manufactured by using electricity for firing the kiln or not, will attract a single excise duty rate of 10% with cenvat credit. (S. No.13 of notification No. 5/2006- Central Excise, dated 01.03.2006 as omitted vide S. No. (vii) of notification No. 11/2010-Central Excise, dated 27.02.2010 refers) <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 70 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">70.1.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> S. No. 20 of notification No. 5/2006- Central Excise, dated 01.03.2006 prescribing concessional excise duty rate of 4% on rough ophthalmic blanks, for manufacture of optical lenses is being omitted as such blanks already attract a „nil. excise duty vide S. No.10 of notification No. 10/2006-Central Excise, dated 01.03.2006 (S. No.20 of notification No. 5/2006- Central Excise, dated 01.03.2006 as omitted vide S. No. (xi) of notification No. 11/2010-Central Excise, dated 27.02.2010 refers) <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 71 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">71.1.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Gold bars, other than tola bars, manufactured in a factory starting from the stage of gold ore or concentrate and bearing manufacturer.s engraved serial number & weight expressed in metric units, will be levied excise duty at the rate of Rs.280 per 10gm, with full Cenvat credit facility. Primary gold including in bar form manufactured or refined with the aid of power from any form of gold shall continue to be exempt. (S.No.21A of notification No. 5/2006- Central Excise, dated 01.03.2006 as inserted vide S. No. (xii) of notification No. 11/2010-Central Excise, dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">71.2.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty rates applicable to the DTA (Domestic Tariff Area) clearances of plain gold and silver jewellery manufactured by an EOU (Export Oriented Unit) have been increased, in case of gold jewellery, from Rs.500 per 10gm to Rs.750 per 10gm, and in case of silver jewellery, from Rs.1000 per Kg to Rs.1500 per Kg (S. No.8 and 10 of notification No. 23/2003- Central Excise, dated 31.03.2003 as substituted vide S. No. (iv) & (v) of notification No. 5/2010-Central Excise, dated 27.02.2010, respectively, refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">71.3</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty is being exempted on Circulation Coins, Blanks, Weights & Measures Standards and scrap generated in manufacture of Blanks by IGM Mumbai, IGM Kolkata, IGM Hyderabad and IGM Noida (Notification No. 3 /2010- Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 72 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 73 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">73.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on Open Top Sanitary (OTS) Cans is being increased from 4% to 10% (S.No. 31A of the notification No. 5/2006-Central Excise as amended vide notification No.11 /2010-Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapters 74 & 75 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 76 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">76.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Chapter Note 2 is being inserted in Chapter 76 to declare the process of drawing or redrawing of aluminium tubes and pipes as amounting to “ manufacture” (clause 73 of Finance Bill, 2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 77 to 83 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 84 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">84.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Nil duty of excise on specified plantation machinery, which was valid up to 1.5.09, is being reintroduced from 27.2.10 up to 31.3.11. (Proviso in the preamble of the notification No. 06/2006-CE as substituted by notification No. 12/2010-CE dated 27.02.2010 refers.) <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">84.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty exemption on specified items intended to be used for the installation of a cold storage; cold room or refrigerated vehicle, for the preservation, storage, transport of agricultural produce is being extended to other sectors like apiary, horticulture, dairy, poultry, aquatic and marine produce and meat and their processing. (S. No. 5 of notification No. 6/2006-CE amended vide notification No. 5/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">84.3</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on replaceable kits of all domestic water filters except those operating on reverse osmosis technology is being reduced from 8% to 4% (S. No. 8C of notification No. 6/2006-CE substituted vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 85 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">85.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> An excise duty @ 4% is being imposed on specified IT products like microprocessor other than motherboards, floppy disc drives, CD-Rom drive etc when these items are meant for external use with a computer or laptop as a plug-in device. However, these items meant primarily for use inside the CPU housing/laptop body would continue to be exempt from excise duty. (S. No. 17 of notification No. 6/2006-CE substituted vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">85.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty exemption on parts, components and accessories of mobile handsets including cellular phones is being extended to parts of two accessories namely, battery chargers and hands-free headphones of these devices. (S. No. 31 of notification No. 6/2006-CE amended vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">85.3</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Packaged software or canned software, is at present exempted from so much of the excise duty, as is equivalent to the duty payable on the portion of the value of Packaged software determined under section 4 of the Central Excise Act, or the rules made thereunder, which represents the consideration paid or payable for transfer of the right to use such goods provided that the transfer of the right to use shall be for commercial exploitation. The condition of commercial exploitation is being removed. Consequently, the exemption would be available on packaged software in all cases. (Notification 17/2010-Central Excise dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">85.4</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty exemption is being provided on goods supplied to mega power projects from which supply of power has been tied up through tariff based competitive bidding or a mega power project awarded to a developer on the basis of such bidding subject to specified conditions. (S. No. 91B of notification No. 6/2006-CE inserted vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">85.5</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty exemption on specified list of goods used for the manufacture of rotor blades for wind operated electricity generators is being extended to some items. (List 6 of notification No. 6/2006-CE amended vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">85.6</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty exemption is being provided on specified goods required for initial setting up of solar power generation project or facility. (Notification No. 15/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 86 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 87 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">87.1.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty at the rate of 4% is being imposed on all electrically operated vehicles, including two and three wheeled electric motor vehicles and battery operated cars. The concessional rate of 4% would apply to all electric vehicles including electric motor-assisted cycle rickshaw even if the batteries for such vehicles are recharged using solar power (S. No.35 of notification No. 6/2006- Central Excise, dated 01.03.2006 as substituted vide S. No. (xiv) of notification No. 12/2010-Central Excise, dated 27.02.2010 dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">87.2.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> The following parts, irrespective of their classification in the Excise Tariff, for use in manufacture of an electrically operated vehicle shall attract a excise duty of 4% on end-use basis, namely:- (i) Battery Pack (ii) Battery Charger (iii) AC or DC Motor (iv) AC or DC Motor Controller. The concessional duty rate of 4% shall remain in force till 31st March, 2013. Consequent to this, the full excise duty exemption available to specified parts of battery operated cars is being withdrawn (S. No.35A of notification No. 6/2006- Central Excise, dated 01.03.2006 as inserted vide S. No. (xv) of notification No. 12/2010-Central Excise, dated 27.02.2010 refers; S. No.35B of notification No. 6/2006- Central Excise, dated 01.03.2006 omitted vide S. No.(xvi) of notification No. 12/2010-Central Excise, dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">87.3.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Ad-valorem component of excise duty on large cars, SUVs, etc. and their chassis is being increased from 20% to 22%. There is no change in the specific component of Rs. 15000 and the same will continue to be levied as applicable. (S. No.41 & 41A of notification No. 6/2006- Central Excise, dated 01.03.2006 as substituted vide S. No. (xix) & (xx) of notification No. 12/2010-Central Excise, dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">87.4.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on self-loading or self-unloading trailers and semi-trailers for agricultural purposes (Tariff Item 8716 20 00) is being fully exempted (S. No.53A of notification No. 6/2006- Central Excise, dated 01.03.2006 as inserted vide S. No. (xxxiii) of notification No. 12/2010-Central Excise, dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">87.5.</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> “Parts, components and assemblies of automobiles”, falling under any chapter, are notified for assessment of duty with reference to their retail sale price under Section 4A of the Central Excise Act, 1944, vide S. No.108 of notification No.49/2008-CE (N.T.), dated 24.12.08. The current entry against S. No. 108 is now being substituted with “Parts, components and assemblies of vehicles (including chassis fitted with engines) falling under Chapter 87 excluding vehicles falling under headings 8712, 8713, 8715 and 8716”. (S. No.108 of notification No. 49/2008-CE (N.T.), dated 24.12.08 as substituted vide S. No. (iii) of notification No. 9/2010-Central Excise (N.T.), dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapters 88 & 89 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 90 <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">90.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty of 10% is being imposed on goggles other than those used for correcting vision. (S. No. 27 of notification No. 10/2006-CE amended vide notification No. 13/2010-CE dated 27.02.2010 and S. No. 57 of notification No. 6/2006-CE amended vide notification No. 12/2010-CE dated 27.02.2010 refers). Sunglasses or Goggles meant for correcting vision will continue to attract 4% concessional duty while spectacles continue to be exempt. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">90.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Specified list of medical equipment and other goods, and their parts and accessories attracting concessional 4% / nil excise duty respectively is being omitted. (S. No. 26 of notification No. 10/2006-CE omitted vide notification No. 13/2010-CE dated 27.02.2010 and S. No. 60 of notification No. 6/2006-CE omitted vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">90.3</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Specified list of medical equipment and other goods, and their parts and accessories attracting nil excise duty is being omitted. (S. No. 61, S. No. 62 to S. No. 64 of notification No. 6/2006-CE omitted vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">90.4</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> An excise duty @ 4% is being imposed on blood glucose monitoring system (Glucometer) and test strips. (S. No. 65 of notification No. 6/2006-CE amended vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">90.5</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> An excise duty @ 4% is being imposed on patent ductus arteriosus/ atrial septal defect occlusion devices. (S. No. 68A of notification No. 6/2006-CE amended vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapters 91 to 93 <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">No change. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Chapter 94 <o:p></o:p></span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">94.1</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on products wholly made of quilted textile materials falling under heading 9404 of the first schedule of the Central Excise Tariff Act, 1985 is being exempted. (S. No. 71A of notification No. 6/2006-CE inserted vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">94.2</span></b><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"> Excise duty on LED lights/ lighting fixtures falling under heading 9406 of the first schedule of the Central Excise Tariff Act, 1985 is being reduced from 8% to 4%. (S. No. 71B of notification No. 6/2006-CE inserted vide notification No. 12/2010-CE dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><u><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Legislative, Procedural & Miscellaneous changes <o:p></o:p></span></u></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">M.1 Central Excise Act, 1944: <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(i) An Explanation is being inserted in sub-section (2B) to Section 11A of the Central Excise Act,1944 to clarify that penalty shall not be imposed in case duty short paid and interest thereon is paid before service of show cause notice.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(ii) Section 32 of the Central Excise Act, 1944, dealing with Settlement Commission is being amended so as to restore certain provisions as they obtained prior to the enactment of the Finance Bill, 2007. Accordingly, the prohibition on filing of applications for the settlement of cases where an assessee admits short-levy for goods in respect of which he has not maintained proper records (i.e. cases of mis-declaration, clandestine removal etc.) is being removed. Similarly, the restriction that an assessee may seek only one-time settlement is also being relaxed. The Commission is being empowered to extend the time limit of nine months for disposal of applications by another three months, for reasons to be recorded in writing.<o:p></o:p></span></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">The above changes will come into effect on enactment of the Finance Bill. (Clause 57, 58 and 59 of the Finance Bill 2010 refers). <o:p></o:p></span></i></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">M.2. Central Excise Rules, 2002:<o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">The Central Excise Rules, 2002 are being amended to provide for: <o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .75in; mso-list: l0 level1 lfo1; text-indent: -.5in;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(i)<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Dispensing with the pre-authentication of invoices;<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .75in; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.5in;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(ii)<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Payment of Central Excise Duty on quarterly basis by the unit which are eligible for availment of exemption under Notification No. 8/2003-Central Excise; and<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .75in; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.5in;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(iii)<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Filing of return by such units on 10th of the month following the end of quarter <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">The facilities of quarterly payment and quarterly return will be available to the eligible unit even if it is not availing of the SSI exemption in the current financial year. These facilities will be available to such eligible units for whole of the financial year. These changes will come into effect from 1st April 2010. <i style="mso-bidi-font-style: normal;">(Notification no. 5/2010-Central Excise (N.T.) dated 27.02.2010 refers) <o:p></o:p></i></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">M3. CENVAT Credit Rules, 2004: <o:p></o:p></span></b></div><div class="MsoNormal"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(i) CENVAT Credit Rules are being amended to : <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(a) allow credit of Cenvat duty paid on Capital Goods in the year of receipt itself to the manufacturers eligible to avail of the exemption under notification no. 8/2003-Central Excise dated 01.03.2003; <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(b) allow accelerated reduction in cenvat credit required to be reversed on clearance of used computers and computer peripherals; <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(c) allow availment of credit on jigs, fixtures, moulds and dies sent to a vendor; allow cenvat credit on inputs used in the manufacture of goods supplied to mega power projects from which power has been tied up through tariff based competitive bidding or the project has been awarded through tariff based competitive bidding<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(d) create parity in penal provisions for wrong availment of credit in respect of goods and services <o:p></o:p></span></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(Notification No. 6/2010-CE (N.T.) dated 27.02.2010 refers) <o:p></o:p></span></i></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">(ii) Central Excise Rules 1944, Cenvat Credit Rules 2001, Cenvat Credit Rules 2002 and Cenvat Credit Rules 2004 are being amended retrospectively from 1st September 1996 to 31st March 20008 to provide for reversal of credit or payment of equivalent amount attributable to the inputs used in or in relation to the excisable goods on which no central excise duty is payable. These changes will take effect on enactment of the Finance Bill 2010. The provisions would apply only to such manufacturers where the disputes are pending as on the day the Finance Bill 2010 is enacted. <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">M.4. SSI Exemption: <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Brand name exception under notification no. 8/2003-Central Excise dated 01.03.2003, presently available to packing materials bearing a brand name of another person is being extended to such plastic containers and plastic bottles also, provided the same are used as packing material by the person whose brand name such containers or bottles bear. (Notification No. 4/2010 dated 27.02.2010 refers) <o:p></o:p></span></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">Explanatory Notes on changes in levies Medicinal & Toilet Preparation Act <o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">M&TP 1. Section 3 of the M & TP (Excise Duties) Act, 1955 is being amended to exclude goods manufactured in a special economic zone. (Clause 84 of Finance Bill 2010 refers). This change will come into effect on enactment of Finance Bill 2010. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">M&TP 2. Excise duty on medicinal and toilet preparations covered under M & TP (Excise Duties) Act, 1955, is being reduced from 16% to 10% ad valorem.(Notification No.1 /2010- M&TP, dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">M&TP 3. The rate of abatement on toilet preparations covered under M & TP (Excise Duties) Act, 1955, in being revised from 40% to 35%. (Notification No.2 /2010- M&TP dated 27.02.2010 refers). <o:p></o:p></span></div><div class="MsoNormal" style="text-align: center;"><span style="font-family: Verdana, sans-serif; font-size: 10pt; line-height: 115%;">*****</span></div><div class="MsoNormal"><br />
</div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-59600226214763284002009-09-24T08:24:00.012+05:302011-10-31T12:52:09.220+05:30Seminar on Introduction of GST & Impact on Industry<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: verdana;">Seminar on Introduction of GST & Impact on Industry was conducted in Bangalore on 30-Oct-2009</span></div>
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<span style="font-family: verdana; font-weight: bold;">For More Details on 2nd Seminar of GST Series Call 080-64506055 / 98454 71680 Or Mail to info@inodetechnologies.com</span></div>
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<span style="font-family: verdana;"><span style="font-size: small;"><b>Objective :</b></span></span><br />
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<span class="Apple-style-span" style="font-family: verdana;">This workshop is an attempt to explain and clarify various Aspects on Goods and Service Tax [GST] & its overall impact on Industries.The objective of the workshop is to provide thorough understanding and guidance on subject of GST. The course has been designed so as to update the participants on various aspects of GST, like its importance, its salient features, obligations of Assesses, compliance with central & State Tax Dept, consequences of default, etc.</span><br />
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<b>Topics Covered : </b></span></span><br />
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<li>Current Indirect Tax Structure</li>
<li style="text-align: justify;">Roadmap to GST</li>
<li style="text-align: justify;">Key policy announcements till date</li>
<li style="text-align: justify;">Concept of dual GST and its implications</li>
<li style="text-align: justify;">Impact of GST on – Interstate Transactions / Import and Export / EOU, STP & SEZ / Tax Credit mechanism</li>
<li style="text-align: justify;">GST implications for business –Manufacturers / Service Providers / Traders / Retail / Entertainment</li>
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<b>Who Benefit : </b><br />
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In general, the workshop is designed for all those who are attached with Accounts, Marketing, and Purchase Department and shoulder the responsibility of managing the affairs of the Corporate Enterprise.</div>
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<b>The workshop will be of great importance for : </b><br />
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<li>Chief Finance Officers, and their colleagues</li>
<li style="text-align: justify;">Director- Finance, GM- Finance</li>
<li style="text-align: justify;">Practicing Chartered Accountants, Advocates and Tax Consultants</li>
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</div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-3695895219196495502009-07-28T15:29:00.004+05:302009-07-28T15:33:44.486+05:30Central Excise Duty<div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;">All goods that are produced or manufactured in India shall be charged a duty of excise called Cenvat at the rates specified in the Central Excise Tariff.</span></span></div><div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;"><br /></span></span></div><div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;">Every person who manufactures, produces, carries on trade, holds warehouses for excisable goods shall have to obtain registration under the excise laws.</span></span></div><div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;"><br /></span></span></div><div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;">No excisable goods may be removed from the factory or a warehouse except under an invoice signed by the owner of the factory or his authorised agent.</span></span></div><div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;"><br /></span></span></div><div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;">Every assessee has to submit to the superintendent of Central Excise a monthly return in the specified form. For specified situations such as manufacture of goods exempt under a notification, a prescribed declaration and/ or a financial statement needs to be filed.</span></span></div><div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;"><br /></span></span></div><div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;">Credit of service tax paid on input services, by a manufacturer of goods, is now available, in addition to the credit that was available in respect of inputs/ capital goods.</span></span></div><div><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;"><br /></span></span></div><div><b><span class="Apple-style-span" style="font-family:verdana;"><span class="Apple-style-span" style="font-size: small;">For More Details Visit : www.inodetechnologies.com</span></span></b></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-64565441418028050232009-07-07T09:32:00.004+05:302009-07-07T10:06:06.848+05:30Central Excise Duty Rate - Budget 2009<div align="justify"><span style="font-family:verdana;"><span style="font-size:85%;"><strong>Excise Duty Rate: -</strong> There is no change in the mean Cenvat rate of 8% ad valorem. However,the concessional excise duty rate of 4% has been increased to 8%, with certain exceptionslike food products, pharmaceuticals products including drugs, papers, medical equipmentsand specified textiles machinery etc. Chapter-wise details are given below.</span></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTERS 1 TO 20:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 21:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>21.1</strong> Appropriate classification is being indicated for Coffee or tea pre-mixes which arefully exempt from excise duty [S.No 22A of Notification No. 3/2006-CE dated the 1st March2006 as amended by Notification No. 13/2009 –CE refers. Consequently, S.No.26A has beenomitted]</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTERS 22 TO 26:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 27:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>27.1</strong> Basic excise duty on motor spirit commonly known as petrol intended for sale with abrand name is being converted from ‘6% + Rs 5 per litre’ to a specific rate of Rs 6.50 perlitre. Consequently petrol intended for sale with a brand name will attract total excise duty ofRs. 14.50 per litre. [S.No.17 of the Notification No. 4/2006-CE dated the 1st March 2006 asamended vide notification No. 14 /2009-C.E refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>27.2</strong> Basic excise duty on High speed diesel oil intended for sale with a brand name isbeing converted from ‘6% + Rs 1.25 per litre’ to a specific rate of Rs 2.75 per litre.Consequently, High Speed Diesel intended for sale with a brand name will attract total exciseduty of Rs 4.75 per litre. [S.No.19 of the Notification No. 4/2006-CE dated the 1st March2006 as amended vide notification No. 14 /2009-C.E refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>27.3</strong> High speed diesel oil blended with alkyl esters of long chain fatty acids obtained fromvegetable oils, commonly known as bio-diesels, up to 20% by volume is being exemptedfrom basic excise duty, additional duty of excise and special additional duty of excise subjectto the condition that appropriate duties have been paid both on HSD and bio-diesel. [Sr. No.24B of the Notification No. 4/2006-CE dated the 1st March 2006 as amended videnotification No. 14 /2009-C.E, notification No. 21 /2009-C.E. & S. No. 5 of notification No.28/2002-Central Excise, dated the 13th May, 2002 as amended vide notification No. 8/2009-C.E, refer]</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>27.4</strong> Excise duty rate on special boiling point spirits falling under tariff items 27101111,27101112, 27101113 has been reduced to 14%. [S.No. 15 of notification No. 2/2008-CentralExcise dated the 1st March, 2008 as amended vide notification No. 19/2009-C.E andnotification No. 18 /2009-C.E refers]</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>27.5</strong> Excise duty rate on Naphtha falling under heading 2710 has been reduced to 14%.[Notification No. 18/2009-CE issued in supersession of Notification No.23/2006-CentralExcise, dated the 1st March 2006 refers. Consequently, S.No. 18 of the Notification No.4/2006-CE dated the 1st March 2006 has been omitted vide notification No. 14/ 2009-C.E.]</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>27.6</strong> Notification No. 4/2006-CE dated 1st March, 2006 has been amended so as toexpressly provide that exemption from excise duty is available to Naphtha or NaturalGasoline Liquid –(a) for use in the manufacture of fertiliser and if such fertiliser is cleared as such fromthe factory of production; or(b) for use in the manufacture of ammonia, if such ammonia is used in themanufacture of fertiliser and such fertilizer is cleared as such from the factory of production.The implication of these changes is that exemption to naphtha or NGL would not be availableif they are used in the manufacture of fertiliser/ ammonia which in turn is used formanufacture of some other item.[S. Nos. 7 and 7A of the notification No. 4/2006-C.E as amended/inserted vide notificationNo. 14/2009-C.E refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 28:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 29:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>29.1</strong> Excise duty on pure terephthalic acid (PTA) is being increased from 4% to 8% [S.No.52C of the notification No. 4/2006-C.E as amended vide notification No.14/2009-C.E refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>29.2</strong> Excise duty on dimethyl terephthalate (DMT) is being increased from 4% to 8%[S.No. 52D of the notification No. 4/2006-C.E as amended vide notification No. 14/2009-C.Erefers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>29.3</strong> Excise duty on acrylonitrile is being increased from 4% to 8% (S.No. 52E of thenotification No. 4/2006-C.E as amended vide notification No. 14/2009-C.E refers).</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 30-31:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 32:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>32.1</strong> Excise duty on ink used in writing instruments is being increased from 4% to 8%(S.No 68A of the Notification No. 4/2006-C.E as amended vide notification No. 14/2009-C.Erefers).</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 33 TO 38:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 39:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>39.1</strong> Excise duty on polyester chips is being increased from 4% to 8% [S.No. 80A of theNotification No. 4/2006-C.E as amended vide notification No. 14/2009-C.E refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 40:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>40.1</strong> Excise duty on Heat resistant latex rubber thread is being increased from 4% to 8%[S.No. 82 of the notification No. 4/2006-Central Excise as amended vide notification No14/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>40.2</strong> Excise duty on Heat resistant rubber tension tape is being increased from 4% to 8%[S.No. 82A of the notification No. 4/2006-Central Excise as amended vide notification No14/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 41 TO 42:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 43:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>43.1</strong> Excise duty on Raw, tanned and dressed fur skins is being increased from 4% to 8%[S.No. 86 of the notification No. 4/2006-Central Excise as amended vide notification No14/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 44:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>44.1</strong> Excise duty on all goods falling under heading 4408 (Sheets for veneering forplywood, similar laminated wood and other wood, of thickness not exceeding 6 mm) is beingincreased from 4% to 8% [S.No. 86B of the notification No. 4/2006-Central Excise asamended vide notification No. 14/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>44.2</strong> Excise duty on all goods falling under heading 4410 (particle board, oriented strandboard, Fibre board and similar board of wood or other ligneous materials) and all goodsfalling under heading 4411 (Fibre board of wood or other ligneous materials) is beingincreased from 4% to 8% [S.No. 87 of the notification No. 4/2006-Central Excise as amendedvide notification No. 14/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>44.3</strong> Excise duty on all goods falling under heading 4412 (Plywood, veneered panels andsimilar laminated wood) is being increased from 4% to 8% [S.No. 87B of the notification No.4/2006-Central Excise as amended vide notification No.14/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>44.4</strong> Excise duty on Flush doors is being increased from 4% to 8% [S.No. 87C of thenotification No. 4/2006-Central Excise as amended vide notification No. 14/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>44.5</strong> Excise duty on articles of wood, other than articles of densified wood is being increasedfrom 4% to 8% [S.No. 1 of the notification No. 10/2006-Central Excise as amended videnotification No. 17 /2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 45 TO 47:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 48:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>48.1</strong> Excise duty on all goods falling under heading 4820{folders, file covers, manifoldbusiness forms & other articles of stationery, of paper or paperboard (except notebooks andexercise books )} is being increased from 4% to 8% [S.No. 2 of the notification No. 10/2006-Central Excise as amended vide notification No. 17/2009-CE refers]. Notebooks and exercisebooks continue to be exempted [S.No. 97 of notification no. 4/2006- Central Excise dated01.03.2006]</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>48.2</strong> Excise duty on paper and paperboard labels is being increased from 4% to 8% [S.No.3 of the notification No. 10/2006-Central Excise as amended vide notification No. 17 /2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 49:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 50 TO 63:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>50.1</strong> Excise duty on manmade filament yarn falling under headings 5402, 5403 and 5406 isbeing increased from 4% to 8% [S.No 1 of notification No. 5/2006-CE as amended videnotification No. 15/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>50.2</strong> Excise duty on manmade fibres (tow and staple fibres) falling under headings 5501 to5507 has been increased from 4% to 8% [S.No 2 of notification No. 5/2006-CE as amendedvide notification No. 15/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>50.3</strong> Excise duty on all textile goods made of pure cotton, not containing any other textilematerial, is being increased from nil to 4%. [Notification No 29/2004-CE as amended videnotification No. 11/2009-CE refers]. However, the said goods would be exempt from exciseduty subject to non availment of Cenvat credit on input. [Notification No 30/2004-CE refers].Thus, the exemption will be optional. Those opting to pay duty @ 4% will be eligible to availCenvat credit. The applicable rates for CVD purposes will be 4%.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>50.4</strong> Excise duty on all textile goods, made of manmade fibre/yarn or natural fibres/yarnother than cotton i.e. beyond the fibre/yarn stage is being increased from 4% to 8%[Notification No. 59/2008- CE dated 7th December, 2008, as amended vide notification No.20/2009-CE refers]. However, the said goods would continue to be fully exempt from exciseduty subject to non-availment of Cenvat credit on inputs. [Notification No 30/2004-CErefers]. A manufacturer, who takes credit of the duty paid on inputs, would be required to payduty on the final product. The applicable rates for CVD purposes will be 8%.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>50.5</strong> Excise duty exemption has been provided to tops (man-made), made out of duty paidman-made tow procured from outside the factory using “tow-to-top” process. [S.No 10 A ofnotification No 30/2004-CE as inserted vide notification No. 12/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>50.6</strong> No intimation or permission will be necessary either for availing full exemption orpaying duty and taking credit in cases as discussed above.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>50. 7</strong> There is no change in excise duty rates on items such as, Nylon fishnet twine, madeup fishing nets and nylon tyre cord fabrics etc, which already attract 8% excise duty withoption of exemption from excise duty subject to non-availment of Cenvat credit on inputs.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>50.8</strong> There is no change in the rates of excise duty on textiles and textile articles, presentlyattracting ‘Nil’ rate by tariff or by notifications.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 64 to 67:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 68:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>68.1</strong> Excise duty on goods in which not less than 25% by weight of fly ash or phosphogypsumor both have been used, has been increased from 4% to 8% [S. No.9 of notificationNo. 5/2006- Central Excise has been amended vide notification No.15/2009-Central Excise].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>68.2</strong> Goods manufactured at the site of construction for use in construction work at suchsite have been fully exempted. This exemption was so far available only to the goods inwhich more than 25% by weight of red mud, press mud or blast furnace slag or one or moreof these materials, have been used. This condition has now been removed, and exemption isavailable to all kinds of goods irrespective of use of these materials in such goods [S. No.10of notification No. 5/2006- Central Excise has been amended vide notification No. 15/2009-Central Excise].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>68.3</strong> Excise duty on articles of mica has been increased from 4% to 8% [S. No.8 ofnotification No. 10/2006- Central Excise has been amended vide notification No. 17/2009-Central Excise].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>68.4</strong> Excise duty on solid or hollow building blocks, including aerated or cellular lightweight concrete block and slabs, has been increased from 4% to 8% [S. No.9 of notificationNo. 5/2006- Central Excise has been amended vide notification No. 15/2009-Central Excise].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 69:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>69.1</strong> Excise duty on ceramic tiles, manufactured in a factory not using electricity for firingthe kiln, has been increased from 4% to 8% [S. No.13 of notification No. 5/2006- CentralExcise has been amended vide notification No. 15/2009-Central Excise].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 70:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 71:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>71.1</strong> Excise duty on articles of jewellery, on which brand name or trade name is indeliblyaffixed or embossed on the article of jewellery itself, has been reduced from 2% to ‘nil’ [S.No.26 of notification No. 10/2006- Central Excise has been amended vide notification No.17/2009-Central Excise].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 72:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 73:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>73.1</strong> Excise duty on LPG Gas stoves has been increased from 4% to 8% [S.No. 36 of thenotification No. 5/2006-Central Excise as amended vide notification No. 15/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 74 TO 83:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 84 & 85:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>84.1</strong> Excise duty on electronic milk fat tester and electronic solid non-fat (SNF) tester hasbeen increased from 4% to 8%. [S. No. 19 of notification No. 6/2006-CE amended videnotification No. 16/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>84.2</strong> Excise duty on MP3/ MP4 or MPEG 4 players with or without radio/ video receptionfacility has been increased from 4% to 8%. [S. No 21 of notification No. 6/2006-CE amendedvide notification No. 16/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>84.3 </strong>Excise duty exemption on recorded smart cards and recorded proximity cards and tagshas been made optional. Thus, a domestic manufacturer of recorded smart cards, recordedproximity cards and tags can pay the applicable excise duty if he chooses to and avail thecredit of duty paid on the inputs. When these items are imported, CVD at 8% will beattracted. [S. No 22A & S. No 22B of notification No. 6/2006-CE amended vide notificationNo. 16/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>84.4</strong> Excise duty exemption has been provided to packaged software, subject to specifiedconditions, from so much of the duty of excise leviable thereon as is equivalent to the exciseduty payable on the portion of the value which represents the consideration paid or payablefor transfer of the right to use such software. [Notification No. 22/2009-Central Exciserefers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 86:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 87:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>87.1.</strong> Excise duty on motor vehicles of heading 8702 and 8703 having engine capacityexceeding 1999cc, has been reduced from 20% + Rs.20,000 per unit to 20% + Rs.15,000 perunit. [S.No.41A of notification No. 6/2006- Central Excise has been amended videnotification No. 16/2009-Central Excise].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>87.2.</strong> Excise duty on petrol driven motor vehicles for transport of goods except dumpers oftariff item 8704 10 90 has been reduced from 20% to 8% [S. No.44 of notification No.6/2006- Central Excise, dated 01.03.2006 has been amended vide notification No. 16/2009-CE]. Further, the excise duty on chassis of such petrol driven vehicles has been reduced from20% + Rs.10,000 per chassis to 8% + Rs.10,000 per chassis [S. No. 51A has been inserted innotification No. 6/2006- Central Excise vide notification No. 16/2009-Central Excise].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 88 - 89:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 90:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>90.1</strong> Excise duty on contact lenses has been increased from 4% to 8%. [S. No. 23 ofnotification No. 59/2008-CE amended vide notification No. 20/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>90.2</strong> Excise duty on parts of drawing and mathematical instruments, used in themanufacture of drawing and mathematical instruments has been increased from 4% to 8%.[S. No. 58 of notification No. 6/2006-CE amended vide notification No. 16/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>90.3</strong> Excise duty exemption has been provided on specified medical devices namely,Patent Ductus Arteriosus/ Atrial Septal Defect occlusion device. [S. No 68A of notificationNo. 6/2006-CE inserted vide notification No. 16/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 91-94:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">No change</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 95:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>95.1</strong> Excise duty on playing cards has been increased from 4% to 8%. [S. No. 24 ofnotification No. 59/2008-CE amended vide notification No. 20/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>CHAPTER 96:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>96.1</strong> Excise duty on all goods (except specified brooms) classified under heading 9603 ofthe Central Excise Tariff like paint brushes, shaving brushes, toothbrushes etc has beenincreased from 4% to 8%. [S. No. 75 of notification No. 6/2006-CE amended videnotification No. 16/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>96.2</strong> Excise duty on slide fasteners and parts thereof classified under heading 9607 of theCentral Excise Tariff has been increased from 4% to 8%. [S. No. 75A of notification No.6/2006-CE amended vide notification No. 16/2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>LEGISLATIVE AMENDMENTS:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>1. Amendments in First Schedule to the Central Excise Act, 1944: -</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>(i)</strong> Section 9A (2) of the Central Excise Act has been amended so as to exclude certaintypes of offences and circumstances from the purview of the compounding provisions.[Clause 103 of the Finance (No. 2) Bill, 2009 refers]. Consequently, section 37 of the Centralexcise Act has also been amended. [Clause 109 of the Finance (No. 2) Bill, 2009 refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>(ii)</strong> Sections 14A and 14AA have been amended to provide that the Chief Commissionermay also nominate Chartered Accountants for conducting special audits under theseprovisions. [Clauses 104 and 105 of the Finance (No. 2) Bill, 2009 refer].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>(iii)</strong> Section 23A has been amended to prescribe that the Authority for Advance Rulingsauthorised under section 28F of the Customs Act would be competent to deal with casesunder the Central Excise Act as well. [Clause 106 of the Finance (No. 2) Bill, 2009 refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>(iv)</strong> Sections 35G and 35H have been amended so as to empower High Courts to condonedelay in the filing of appeals, applications as well as the memorandum of cross objectionswhere it is satisfied that there was sufficient cause for delay. [Clauses 108 and 109 of theFinance (No. 2) Bill, 2009 refer].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>2. Amendments in First Schedule to the Central Excise Tariff Act, 1985: -</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>(i)</strong> Note 1 of Chapter 8 in the First Schedule to the Central Excise Tariff Act, 1985 hasbeen substituted so as to exclude ‘betel nut product known as supari’ of tariff item 2106 9030from its purview.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>(ii)</strong> A note has been inserted in Chapter 21 so as to provide that in relation to product oftariff item 2106 90 30 the process of adding or mixing cardamom, copra, menthol, spices,sweetening agents or any such ingredients, other than lime, katha (catechu) or tobacco tobetel nut in any form shall amount to ‘manufacture’.</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>(iii)</strong> In chapter 58 against tariff item 5801 2210 in column (3) and (4), the entry ‘m2’ and‘8%’ respectively is being inserted.[Clause 111 of the Finance (No.2) Bill, 2009 refers]</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>3. Amendments in CENVAT Credit Rules 2004: -</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>(i)</strong> An explanation has been inserted in Rule 2 of the Cenvat Credit Rules 2004 so as toclarify that ‘inputs’ which are eligible for availing Cenvat credit shall not include cement,angles, channels, CTD or TMT bar and other items used for construction of shed, building orstructure for support of capital goods. [Notification No. 16/2009-CE (NT) refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>(ii)</strong> Rule 6(3) of the Cenvat Credit Rules, 2004 is being amended to prescribe that amanufacturer of both dutiable and exempted goods using common inputs, who does notmaintain separate accounts, shall pay an amount equal to 5% of the total price of theexempted goods instead of 10%.[Notification No. 16/2009-CE (NT) refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>4. Amendments in Central Excise Rules, 2002: -</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;">A new rule has been inserted in the Central Excise Rules 2002 to provide that recordsseized by the department during an investigation but not relied upon in the Show CauseNotice should be returned to the party within 30 days of the issue of show cause notice or thecompletion of the period for issue of the show cause notice [Notification No. 17/2009-CE(NT) refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>MISCELLANEOUS:</strong></span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>1.</strong> The benefit of SSI exemption is being extended to printed laminated rolls bearing thebrand name of another person by adding this item to the list of specified packing materials atpara 4(e) of the exemption notification. The exemption for this item would be available forthe first clearances for home consumption not exceeding Rs. 150 lakhs during the remainingperiod of this financial year i.e. 2009-10. [Notification No. 8/2003-CE dated the 1st March2003 as amended vide notification No. 9/2009-C.E refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>2.</strong> Excise duty exemption is being extended to Ethylene Vinyl Acetate (EVA) compoundmanufactured by a job worker, for further use in the manufacture of exempted foot wear, onpar with PVC compound. [Notification Nos. 83/1994-CE and 84/1994-CE both dated the11th April, 1994 as amended vide notification No.7/2009-C.E.].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>3.</strong> Notification Nos. 33/97-CE (NT) dated 01.08.1997, 44/97-CE (NT) dated 30.08.1997and 7/98-CE (NT) dated 10.03.1998, which relate to erstwhile compounded levy scheme forsteel induction furnace units and re-rolling mills, are being amended with retrospective effectfrom the date of issue of the respective notifications so as to regularise fixation of rates ofduty under these notifications [Clause 110 of the Finance (No.2) Bill, 2009 refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>4.</strong> Excise duty on all goods of cotton, not containing any other textile material which ismanufactured wholly out of indigenous raw material and cleared by EOU in domestic tariffarea, is being increased from nil to 4% ( S. Nos 5 and 7 of notification No. 23/2003-CE asamended vide notification No. 10/2009-CE refers)</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>5.</strong> Excise duty on all goods, (other than of cotton), which is manufactured wholly out ofindigenous raw material and cleared by EOU in domestic tariff area is being increased from4% to 8% [S. Nos 5A, 6 and 7A of notification No.23/2003-CE as amended vide notificationNo. 10 /2009-CE refers].</span></div><div align="justify"><span style="font-family:verdana;font-size:85%;"><strong>6.</strong> Consequent to increase in excise duty rates from 4% to 8% on certain items coveredunder RSP (Retail Sale Price) based assessment, the abatement rates have also been revisedsuitably.[ Notification No. 18/2009-CE (NT) refers].</span></div><div align="justify"><span style="font-family:Verdana;font-size:85%;"></span></div><div align="justify"><span style="font-family:Verdana;font-size:85%;"><strong>For More Details Visit: </strong><a href="http://www.inode.co.in/"><strong>www.inode.co.in</strong></a></span></div>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com1tag:blogger.com,1999:blog-570745195508335400.post-52061088330682870742009-06-30T14:48:00.008+05:302009-06-30T15:04:30.741+05:30What Decison makers Want? | MIS for Top Management<div align="justify"><span style="font-size:85%;"><span style="font-family:verdana;"><strong>What Decision Makers Want?</strong></span> </span></div><div align="justify"><span style="font-size:85%;"></span></div><div align="justify"><span style="font-family:Verdana;font-size:78%;">In today's dynamic and highly competitive market what decision makers really want is decision support rather than just an overload of MIS reports.</span></div><div align="justify"><span style="font-family:Verdana;font-size:78%;">Decision support which is effective and helps take control of business processes. 1KEY empowers decision makers with easy to understand and intelligent analysis and MIS reporting to eliminate blind spots in critical areas of operation</span></div><div align="justify"><span style="font-family:Verdana;font-size:78%;"><strong></strong></span></div><div align="justify"><span style="font-family:Verdana;font-size:130%;"><span style="font-size:78%;"><strong></strong></span></span></div><div align="justify"><span style="font-family:Verdana;font-size:130%;"><span style="font-size:78%;"><strong>Dashboard; to have a view of Business:</strong> For those discerning managers who value time. They need a quick enterprise-wide overview of critical areas of business such as sales, collections, payments, expenses and profitability presented in easy to understand graphical forms. They need to regularly measure the performance against budgets, track receivables and collections.</span></div><div align="justify"><strong><span style="font-size:78%;"></span></strong></div><div align="justify"><span style="font-size:78%;"><strong></strong></span></div><div align="justify"><span style="font-size:78%;"><strong>Drilldown to the specifics:</strong> View the numbers behind the dashboard to understand complex business drivers. Drill down from the dashboard all the way to specific territory or product line level to view relevant numbers. Move from current data to historic data. Go beyond the limitations of basic spreadsheets and adapt to hierarchical structures of geographical territories and product groupings. Territories and product lines under per forming are highlighted for easy identification.<br /></div><strong></strong></span><div align="justify"><span style="font-size:78%;"><strong>Analyze the performance:</strong> A range of MIS reports and analysis to give the power of timely informed decisions. View sales by amount and quantity by territory, by product or by customer. Compare with budgets and previous year sales, View sales trends and much more. View the reports on screen, save it in .html or .pdf formats to email or share with others. Analyze the data for newer insights into business with profitability analysis etc. Easily define the reports the way you want to see with advanced filters.<br /><strong></strong></span></div><div align="justify"><span style="font-size:78%;"><strong></strong></span></div><div align="justify"><span style="font-size:78%;"><strong>Who-What-When-Where-Why-How:</strong> Get quantitative facts based answers to one and many questions.<br /></span><span style="font-size:78%;"><strong></strong></span></div><div align="justify"><span style="font-size:78%;"><strong>KPI Key Performance Indicator:</strong> The numbers required to watch daily to maintain your growth trajectory.<br /></div><strong></strong></span><div align="justify"><span style="font-size:78%;"><strong>Single version of Truth:</strong> Every person in the organization must have same number.<br /><strong></strong></span></div><div align="justify"><span style="font-size:78%;"><strong></strong></span></div><div align="justify"><span style="font-size:78%;"><strong>Information: </strong>Right information to the right people at right time.<br /></div><strong></strong></span><div align="justify"><span style="font-size:78%;"><strong>Business Intelligence:</strong> Decision makers including top management in every company need an affordable and scalable operational business intelligence (BI) to compete successfully.<br /><strong></strong></span></div><div align="justify"><span style="font-size:78%;"><strong></strong></span></div><div align="justify"><span style="font-size:78%;"><strong>Simplified Decision Making:</strong> By extracting value from day-to-day transaction data to make informed decisions. Import transactional data from financial accounting systems such as Tally, ERP software like SAP,QAD, Fourth Shift, CRM solutions like Microsoft Dynamic or SCM application like Microsoft Navision or Oracle e-Business Suite quickly to generate the reports and analysis. Measure, analyze and optimize business data. Connect to multiple database like Oracle, MS SQL, DB2, MYSQL, Sybase, FoxPro, etc. and give a single reporting view of the enterprise-wide data.</span></div><p align="justify"><span style="font-size:85%;"><strong><span style="font-size:78%;color:#ffffff;">For More details visit </span></strong><a href="http://www.inodetechnologies.com/"><strong><span style="font-size:78%;color:#336666;">www.inodetechnologies.com</span></strong></a><span style="font-size:78%;color:#660000;"> </span></p></span></span>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-3648042079217137882009-02-23T10:58:00.008+05:302009-02-23T11:06:39.983+05:30Inode Technologies - Products and Solutions<span style="font-family:verdana;font-size:85%;">Inode Technologies is into Sales, Implementation and Services of Following Products and Solutions </span><br /><ol><li><span style="font-family:verdana;font-size:85%;">Excise Manufacturing Software</span></li><li><span style="font-family:verdana;font-size:85%;">Excise Trading Software</span></li><li><span style="font-family:verdana;font-size:85%;">Excise - ERP Integration </span></li><li><span style="font-family:verdana;font-size:85%;">1KEY Agile Business Intelligence Suite</span></li><li><span style="font-family:verdana;font-size:85%;">1KEY MIS Server for SMB</span></li><li><span style="font-family:verdana;font-size:85%;">AMC and Call Management Software</span></li><li><span style="font-family:verdana;font-size:85%;">USquare Integrated Solution for SMB</span></li><li><span style="font-family:verdana;font-size:85%;">Business Intelligence Reporting and Analysis</span></li><li><span style="font-family:verdana;font-size:85%;">Excise - Tally Integration</span></li><li><span style="font-family:verdana;font-size:85%;">Indian Taxation Solutions</span></li></ol><p><span style="font-family:Verdana;font-size:85%;"><span style="color:#ffffff;"><strong>For More Details Visit </strong><strong><a href="http://www.inodetechnologies.com/">www.inodetechnologies.com</a></strong></span></span></p>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0tag:blogger.com,1999:blog-570745195508335400.post-77515813748836261102009-02-09T13:04:00.006+05:302009-02-09T13:14:24.306+05:30Inode Technologies partnership with MAIA Intelligence<p align="justify"><span style="font-family:verdana;font-size:85%;"><span style="font-size:100%;">Inode technologies partnership with MAIA Intelligence is to provide consultancy services on MAIA’s BI Products. Our team is thoroughly trained by them to provide all kind of engineering services to the clients to get solution for their current business needs. By deploying MAIA’s BI products we are saving huge amount time & efforts of both our & client’s resources. We serve each of our clients with integrity. No single client is more important than our professional reputation. To protect and maintain the trust of our clients and the public at large, we strictly adhere to regulatory and professional standards. And we have internal channels and processes in place to provide our people with the tools and opportunities to do the right thing.</span></span></p><p align="justify"><strong><span style="font-family:verdana;font-size:85%;">For more details visit </span></strong><a href="http://www.inode.co.in/"><strong><span style="font-family:verdana;font-size:85%;">www.inode.co.in</span></strong></a><strong><span style="font-family:verdana;font-size:85%;"> or </span></strong><a href="http://www.maia-intelligence.com/"><strong><span style="font-family:verdana;font-size:85%;">www.maia-intelligence.com</span></strong></a></p>Inode Technologieshttp://www.blogger.com/profile/10744512266119200320noreply@blogger.com0