Excise Articles

Assessee is eligible for remission of duty in respect of goods cleared for export

Bimal Jain 28 November 2014 at 10:32

Dear Professional Colleague, Assessee is eligible for remission of duty in respect of goods cleared for export under bond but which were destroyed at port before same could be exportedWe are sharing with you an important judgement of the Hon

Valuation of physician sample manufactured on contract

R.P.Singh 10 November 2014 at 10:47

Valuation of physician sample, or for that matter any product manufactured for free distribution rather than for sale have always been a contentious issue. This paper is an attempt to examine the issues so as to explain some of the confusing points.I

Default in payment of excise duty: Meaning and consequences

Prabhat Kumar 08 November 2014 at 11:26

In law most of the things are prescribed in the statute and ever

Impact of non submission of export intimation within the prescribed time in case of ct-3

R.P.Singh 08 November 2014 at 11:26

The perception of law should as it helps the implementation of law effectively. Law is framed for the assesse in which they will able to pay effortlessly Central Excise duty and follow the all principal of the Central Excise law. If there is any prov

Updates under Central Excise & Service Tax

Venkatanarayana GM 30 October 2014 at 11:01

Important Updates under Excise - October 2014 Board has come up with the clarity that, determination of place of removal which is recently defined in Cenvat Credit Rules 2004., inserted by way of notification no 21/2014 C.E (NT) date

Micro Nutrient Mixtures - Whether it is Plant Growth Regulator

RENGARAJ R.K 20 October 2014 at 11:48

R.K Rengaraj, Advocate, Swamy Associates Micro Nutrient Mixtures -Whether it is Plant Growth Regulator or Other Fertiliser under Central Excise classification? Introduction: The CESTAT, Bangalore has recently held in the case of KPR Fertilizer Ltd V

Cenvat implication on Sales rejection

Venkatanarayana GM 17 October 2014 at 13:11

It is normal that, excise duty paid goods are received back into the factory on account of , not needed presently, rejected, etc.. As per Rule 16 of Central Excise Rules 2002, the Cenvat credit of excise duty paid on such goods returned can be avai

Interest allowable on refund of pre-deposits

Bimal Jain 11 October 2014 at 10:48

Dear Professional Colleague,Interest allowable on refund of pre-depositsWe are sharing with you an important judgment of Honble Delhi High Court in the case of Afcons Infrastructure Ltd. Vs. Union of India [(2014) 49 taxmann.com 79 (Delhi)] on

Pre-deposit of penalty for appeals before CCE (App)/ CESTAT

Manoj BG 18 September 2014 at 12:24

Finance Act 2014 announces mandatory 7.5% / 10% pre-deposit of penalty for all appeal to Commissioner (Appeals)/CESTAT respectively, creating confusion in minds of assessee's as to whether assessee need to deposit 17.5% for filing appeal at CESTA

Clarification on amended appeal provisions under IDT

Sumit Grover 17 September 2014 at 12:09

Since enactment of Finance(no. 2) Act, 2014, various ambiguities arose regarding the concept of mandatory pre-deposit of 7.5%/10% at the time of filing appeal before CCE(A) and CESTAT, as the case may be, under section 35F of Central Excise Act, 1944