Excise Procedures & Litigation UpdatesBudget 2017-REPEAL OF THE RESEARCH AND DEVELOPMENT CESS
In a welcome move, under budget 2017, the Research and Development Cess has finally been proposed to be repealed w.e.f 01st April 2017. REPEAL OF THE RESEARCH AND DEVELOPMENT CESS ACT, 1986. 139. The provisions of this Part shall come into force on the 1st day of April, 2017. 140. The Research and Development Cess Act,...