The levy of cess on natural rubber (NR) produced in India has been dispensed with, with effect from 01 July 2017. The Section 12 of The Rubber Act 1947 for the imposition of cess on rubber has been repealed as per the Taxation Laws (Amendment) Act 2017.
The licensing system will continue as per the prevailing provisions of the Rubber Act 1947 and it is obligatory on the part of the licencees to file monthly and annual returns as per the present schedule. The manufacturers need not file return in form M for the period from 01 July 2017 onwards. However, the present system of using N form for interstate transport of rubber will be continued as such.