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Service Tax & Central Excise Newsletter Dec

Serial No. LegislationParticularsEffective DateHighlight / Summary Extract 1. Central ExciseNotification No.437-Nov-15 Hike in Excise duty on Petrol & Diesel 2. Service Tax Circular No.187/6/ Nov-15 Speedy disbursal of pending refund claims of exporters of services under rule 5 of the CENVAT Credit Rules, Service TaxNotification No Nov-15 Composition rate for Swachh Bharat Cess (SBC) as applicable to ST under sub-rules 7,7A,7B,7C of rule 6 of Service Tax Rules, Service TaxNotification No Nov-15 Applicability of Notification No. 30/2012 dated 20 th June 2012 for the purpose of SBC. 5. Service TaxNotification No Nov-15 Amend notification No.22/2015-ST dated the 6th November, 2015 so as to specify that Swachh Bharat Cess will be calculated on abated value 3 UPDATE ON SERVICE TAX/CENTRAL EXCISE LEGISLATION–Dec 2015

Serial No.LegislationParticularsEffective DateHighlight / Summary Extract 6. Service Tax Circular No. 188/7/ Nov-15Accounting code for payment of Swachh Bharat Cess 7. Service Tax Notification No Nov-15 Date of effect of Swachh Bharat Cess(SBC) u/s 119 of the Finance Act Service Tax Notification No Nov-15 Applicability from 15th Nov 2015 and rate of Swachh Bharat Cess is 0.5% of value of taxable services 9. Central Excise Notification No Nov-15 Amendment to Notification No. 12/2012-CE to provide exemption from excise duty on all raw material and parts for use in manufacture of certain specified ships/vessels subject to actual user condition and removing the requirement of manufacturing of ships/vessels in a custom bonded warehouse under the provisions of Section 65 of the Customs Act, 1962 for availing duty benefits 10. Central Excise Notification No Nov-15 Amendment in Notification No. 22/2003-CE dated so as to enable EOUs to become eligible for duty exemption on raw materials/parts consumed in manufacture of certain specified ships/vessels and cleared to DTA, even if such ships/vessels are exempt from basic customs duty and central excise/CV duty 4 UPDATE ON SERVICE TAX/CENTRAL EXCISE LEGISLATION–Dec 2015

Serial No.LegislationParticularsEffective DateHighlight / Summary Extract 11. Service TaxCircular No Nov-15 Clarification regarding leviability of service tax in respect of Seed Testing with effect from Service Tax & Central Excise. Circular1-Dec-15 All the appeals /applications arising from the territories within the territorial jurisdiction of Union Territory of Chandigarh, the States of Punjab & Haryana, Jam m u & Kashmir and Himachal Pradesh listed on board from onwards shall not be listed for hearing at Principal Bench, New Delhi 13. New DelhiNotification No. 21-Dec-15 Constitution of Bench at Chandigarh- Regional Bench, Chandigarh shall deal with all matters arising within its jurisdiction as specified in the table attached and such other matters as may be transferred to it by a general or special order of President 5 UPDATE ON SERVICE TAX/CENTRAL EXCISE LEGISLATION–Dec 2015

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