Notification no 21/2018 Customs date on 02nd February, 2018
Seeks to exempt Additional Duty of Customs (CVD), in lieu of Additional Duty of Excise (Road and Infrastructure Cess) levied under clause 110 of the Finance Bill, 2018
The extract of CUSTOMS Notification No. 21/2018- CUSTOMS is given below:
Notification No. 21/2018-CUSTOMS
21/2018-Customs dated 2nd February 2018
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 21 /2018- Customs
New Delhi, the 2nd February, 2018
G.S. R. …..(E)- In exercise of the powers conferred by sub-section (1) of section 25 of the
Customs Act, 1962 (52 of 1962), read with clause 110 of the Finance Bill, 2018 (4 of 2018), which, by virtue of the declaration made in the said Finance Act under the Provisional Collection of Taxes Act, 1931 (16 of 1931), has the force of law, the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts motor spirit commonly known as petrol and high speed diesel oil, falling under heading 2710 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from so much of the additional duty of customs leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, as is equivalent to the additional duty of excise (Road and Infrastructure Cess) leviable on motor spirit commonly known as petrol and high speed diesel oil under the aforesaid clause 110 of the Finance Bill, 2018.
[F. No. 334/04/2018-TRU]
(Ruchi Bisht)
Under Secretary to the Government of India
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CGST Act Section 78 Initiation of recovery proceedings
CGST Act section 79 Recovery of tax
CGST Act Section 80 Payment of tax and other amount in instalments
CGST Act section 81 Transfer of property to be void in certain cases
CGST Act Section 82 Tax to be first charge on property
CGST Act section 83 Provisional attachment to protect revenue in certain cases
CGST Act Section 84 Continuation and validation of certain recovery proceedings
CGST Act Section 85 Liability in case of transfer of business
CGST Act section 86 Liability of agent and principal
CGST Act Section 87 Liability in case of amalgamation or merger of companies
CGST Act section 88 Liability in case of company in liquidation
CGST Act Section 89 Liability of directors of private company
CGST Act Section 90 Liability of partners of firm to pay tax
CGST Act section 91 Liability of guardians, trustees
CGST Act Section 92 Liability of Court of Wards
CGST Act section 93 Liability to pay tax, interest or penalty in certain cases
Meaning of Impact of GST on logistics sector
Liability in case of amalgamation or merger of Companies under CGST Means
Term Levy and Collection of Tax Under IGST
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