Indian Budget 2007
All budget related news and
information at one place.
Notifications Notifications
Customs (Tariff) Notifications:-
| Notification No | Dated | Subject |
| Not-34 | 1.3.2007 | Amendments in the notification related exemption to imports for Defence and internal security forces |
| Not-33 | 1.3.2007 | Amendments in the notification regarding concessional rate of customs duty |
| Not-32 | 1.3.2007 | Amendments in the notification related to concessional rate of duty for specified goods imported by a passenger as baggage |
| Not-31 | 1.3.2007 | Digital cinema development projects notified notified under Project Imports |
| Not-30 | 1.3.2007 | Amendments in the Project Imports Regulations, 1986 |
| Not-29 | 1.3.2007 | Extension to the exempts parts, components and accessories of mobile handsets including cellular phones, from the whole of the additional duty of customs |
| Not-28 | 1.3.2007 | Exempts all goods covered under notification No. 69/2004-Cus., dt. 09/07/2004, from the whole of the Secondary and Higher Education Cess leviable |
| Not-27 | 1.3.2007 | Exempts the specified goods from the Education Cess leviable |
| Not-26 | 1.3.2007 | Amendments in the notification regarding exempts certain goods from whole of duty of Customs |
| Not-25 | 1.3.2007 | Amendments in the notification regarding exempts specified goods from levy of export duty |
| Not-24 | 1.3.2007 | Amendments in the notification regarding exemption to research equipment imported by public funded and non-commercial research institutions and I.I.T. etc. |
| Not-23 | 1.3.2007 | Seeks to exempt certain specified goods from special CVD leviable on imported goods |
| Not-22 | 1.3.2007 | Seeks to prescribe effective rates of duty for goods falling under the Customs Tariff Act, 1975 |
| Not-21 | 1.3.2007 | Exempts the specified goods from duty of customs leviable |
| Not-20 | 1.3.2007 | Amendments in the exemption notification |
Central Excise (Tariff) Notifications:-
| Notification No | Dated | Subject |
| Not-18 | 1.3.2007 | Exempts all goods specified in the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) from so much of the Education Cess leviable thereon |
| Not-17 | 1.3.2007 | Govt. specifies the excisable goods that is stainless steel pattis/pattas (Chp. 72) or aluminium circles (Chp 76) |
| Not-16 | 1.3.2007 | Goods Supplied to Specified Institution - Research institution, other than a hospital |
| Not-15 | 1.3.2007 | Specified Goods for Defence, Navy (satellite projects) |
| Not-14 | 1.3.2007 | Period not exceeding ten years from the date of commencement of commercial production (M/s Brahmaputra Cracker and Polymer Limited) |
| Not-13 | 1.3.2007 | Apply to the goods in respect of which credit of duty on inputs has been taken under the provisions of the CENVAT Credit Rules, 2002 |
| Not-12 | 1.3.2007 | Regarding - Ad valorem Rates - NTF. NO. 29/2004-CE, DT. 09/07/2004 |
| Not-11 | 1.3.2007 | Goods cleared on or before 28/02/2007 and in respect of which the exemption has already been availed of, the conditions |
| Not-10 | 1.3.2007 | Advalorem - 96032100 (Toothbrushes) - Omitted |
| Not-09 | 1.3.2007 | Rate of additional duty of excise at 21069020 Pan masala (not containing tobacco) - 6% |
| Not-08 | 1.3.2007 | Value of clearances - First clearances up to an aggregate value not exceeding one hundred and fifty lakh rupees made on or after the 1st day of April in any financial year |
| Not-07 | 1.3.2007 | Exempts milk products - addition of 19019090 Preparations for infant use, put up in unit containers |
| Not-06 | 1.3.2007 | Amendment regarding - Exempts excisable goods (ad valorem rates) |
| Not-05 | 1.3.2007 | Amendments regarding - Ad valorem rates (NTF. NO. 05/2006-CE, DT. 01/03/2006) |
| Not-04 | 1.3.2007 | Amendments regarding - Ad valorem rates (NTF. NO. 04/2006-CE, DT. 01/03/2006) |
| Not-03 | 1.3.2007 | Ad valorem rates - Brand Name (NTF. NO. 03/2006-CE, DT. 01/03/2006) |
Central Excise (Non Taiff) Notifications:-
| Notification No | Dated | Subject |
| Not-14 | 1.3.2007 | Regarding - Abatement as a percentage of retail sale price (21069020 & 2403) |
| Not-13 | 1.3.2007 | Final products from factory are exported - duly certified by the officer of customs or a photocopy thereof duly attested by him |
| Not-12 | 1.3.2007 | Additional duty leviable under section 3 of the Customs Tariff Act, 1975 - reg. (NTF. NO. 21/2004-CE(NT), DT. 06/09/2004 |
| Not-11 | 1.3.2007 | Appoints Special Adjudicators |
| Not-10 | 1.3.2007 | Amendments in the CENVAT Credit Rules, 2004 |
| Not-09 | 1.3.2007 | Amendments in the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 |
| Not-08 | 1.3.2007 | Amendments in the Central Excise Rules, 2002 |
Service Tax Notifications:-
| Notification No | Dated | Subject |
| Not-12 | 1.3.2007 | Conditions - Right to authorise any person to exhibit cinematograph film |
| Not-11 | 1.3.2007 | Clinical Research Organization approved to conduct clinical trials by the Drugs Controller General of India |
| Not-10 | 1.3.2007 | Conditions - Entrepreneur located within the premises of a (TBI) or (STEP) recognized by the (NSTEDB) |
| Not-09 | 1.3.2007 | Format - I - Information to be furnished by TBI or the STEP & Format II – Information to be obtained by TBI / STEP from each incubatee |
| Not-08 | 1.3.2007 | |
| Not-07 | 1.3.2007 | |
| Not-06 | 1.3.2007 | Amendments in the Service Tax (Registration of Special Category of Persons) Rules, 2005 |
| Not-05 | 1.3.2007 | Any provider of taxable service whose aggregate value of taxable service in a financial year exceeds seven lakh rupees make an application for registration |
| Not-04 | 1.3.2007 | Exempts Taxable services of total value below 8lac rupees in any financial year |
| Not-03 | 1.3.2007 | Regarding - Sponsorship service provided to any body corporate or firm |
| Not-02 | 1.3.2007 | Amendments in the Export of Services Rules, 2005 |
| Not-01 | 1.3.2007 | Amendments in the Service Tax Rules, 1994 |