CBEC seeks adherence to judicial discipline in the matter of refunds
Posted Date : 02-Jul-2014 , 12:40:46 pm | Posted By
CA Bimal Jain
CBEC seeks adherence to judicial discipline in the matter of refunds The Central Board of Excise & Customs (“the CBEC”) has issued Instruction F. No. 201/01/2014-CX.6 dated June 26, 2014 (“the Instruction”) for all the Commissioners to follow judicial discipline in the m...
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Category : Excise |
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Waiver of interest by assessee does not detract Revenue’s statutory obligation to grant interest on belated refund
Posted Date : 27-Jun-2014 , 06:23:05 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Waiver of interest by assessee does not detract Revenue’s statutory obligation to grant interest on belated refund We are sharing with you an important judgement of the Hon’ble High Court of Allahabad, in the case of Shree Balaji Aromatics (P.) Ltd. Vs. Uni...
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Category : Excise |
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Test of unjust enrichment not satisfied where refund amount is shown as ‘expenditure’ and not as ‘claims receivable’
Posted Date : 22-May-2014 , 07:10:54 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Test of unjust enrichment not satisfied where refund amount is shown as ‘expenditure’ and not as ‘claims receivable’ We are sharing with you an important judgment of the Hon’ble Mumbai CESTAT in the case of Hindustan Petroleum Corporation ...
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Category : Excise |
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Importers issuing Cenvatable invoices require registration under Central Excise & consequential amendments
Posted Date : 04-Mar-2014 , 07:26:12 pm | Posted By
CA Bimal Jain
Dear Professional Colleague,
Importers issuing Cenvatable invoices require registration under Central Excise & consequential amendments
Background:
Rule 9 of the Central Excise Rules, 2002 (“the Excise Rules”) provides the list of persons who are req...
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Category : Excise |
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Clarification on Valuation of goods sold at a price below the cost of production
Posted Date : 16-Jan-2014 , 07:10:58 pm | Posted By
CA Bimal Jain
Dear Professional Colleague,
Clarification on Valuation of goods sold at a price below the cost of production
The Hon’ble Supreme Court has held on following issue in the case of Fiat India (P) Ltd. & Anr. (AIT-2012-354-SC):
Issue:
Whether the price dec...
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Category : Excise |
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E-payment must for excise, service tax of Rs 1 lakh
Posted Date : 31-Dec-2013 , 04:21:43 pm | Posted By
Dulichand Kushwaha
Assessees paying excise duty and service tax of Rs 1 lakh will have to mandatorily pay the levies electronically with effect from January.
The earlier ceiling for mandatory e-filing was Rs 10 lakh.
"From January 1, 2014, a manufacturer or a Service Tax payer who has pa...
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Category : Excise |
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0 | Hits : 428 |
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A BIRD'S EYE VIEW ON CHANGES MADE IN CENTRAL EXCISE LAWS BY FINANCE BILL 2013
Posted Date : 03-Mar-2013 , 05:17:49 pm | Posted By
Vinay Sharma
PART A : CHANGES IN DUTY STRUCTURE
[w.e.f. 1-3-2013]
Tariff Heading
Product
Old Rate
...
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Category : Excise |
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PROCEDURE FOR E-PAYMENT OF EXCISE DUTY & SERVICE TAX
Posted Date : 27-Dec-2012 , 04:32:42 pm | Posted By
Vinay Sharma
PROCEDURE FOR E-PAYMENT
1. To pay Excise Duty and Service Tax online, the Assessee has to enter the 15 digit Assessee Code allotted by the jurisdictional Commissionerate.
2. There will be an online check on the validity of the Assesse...
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Category : Excise |
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0 | Hits : 807 |
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NEW SERVICE TAX NUMBER
Posted Date : 14-Sep-2012 , 12:34:25 am | Posted By
SUMIT GERA
HOW TO APPLY NEW SERVICE TAX NUMBER
Applying service tax number is very very very easy you just need 10 minutes for that, so if u Want to apply service tax number just follow these few simple steps-
1 Open your browser and go to wwww.aces.gov.in and select...
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Category : Excise |
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1 | Hits : 3604 |
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Exemption From Registration under Central Excise
Posted Date : 07-May-2012 , 05:23:40 pm | Posted By
VIKAS SHARMA
ØExemption from Registration:
As per Rue 9 of Central Excise Rules, every person who
1. Produces,
2. Manufactures,
3. carries on trade,
4. Holds private store-room or warehouse or
5. Otherwise uses
Excisable goods shall get reg...
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Category : Excise |
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Automatic Cancellation of Registration for Excise, Service Tax on Cards
Posted Date : 29-Apr-2012 , 12:01:31 am | Posted By
CA Ashutosh Rajhans
Automatic Cancellation of Registration for Excise, Service Tax on Cards
Registration of a manufacturer will be cancelled automatically if excise duty returns are not filed for six months, as per the latest government proposal.
In case of a service provider, the regis...
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Category : Excise |
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Dimming Sheen of Unbranded Precious Metal Jewellery
Posted Date : 19-Mar-2012 , 11:26:07 am | Posted By
CA Akshay Joshi
The scheme of levy of excise duty on precious metal jewellery has been revamped. Hitherto excise duty of 1% was applicable to precious metal jewellery manufactured or sold under a brand name. The levy would now apply to both branded and unbranded goods (except silver jewellery) although at the sa...
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Category : Excise |
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Aligning Service Tax provisions with Central Excise
Posted Date : 18-Mar-2012 , 10:55:57 am | Posted By
CA Akshay Joshi
The Budget, 2012 has brought many changes in the Service Tax provisions in an attempt to align the same with provisions of Central Excise Rules. This is clearly being done to pave the way for later when GST will be introduced. Lets see how far this is successful.
Changes...
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Category : Excise |
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LIST OF REQUIREMENTS FOR THE EXCISE REGISTRATION:
Posted Date : 18-Sep-2011 , 04:42:01 am | Posted By
Vikas
1. Name of the company ______________________________________
2. Address in full reg. _________________________________________
3. Constitution _____________________________________________
4. Pan number of company ______________________________________
5. Telephone no. of Co. ___________...
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Category : Excise |
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