Indirect Tax Amendments as per Finance Act, 2012 ( For June 2013 and December 2013 term of Examination)


INDIRECT TAX LAWSAMENDMENT MADE BY FINANCE ACT, 2012 Applicable for June 2013 and December 2013 Examinations Page 1 A. EXCISE AMENDMENTS IN THE CENTRAL EXCISE ACT, 1944 (1) Incorporation of definition of inter-connected undertakings in section 4 (Effective from May 28th, 2012) Section 4 deals with the determination of value of excisable goods chargeable to duty on ad valorem basis. It has been amended to incorporate the definition of inter-connected undertakings contai
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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