excise duty rates

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ICSI Launches Academic Helpline for CS Students


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CBDT issues PAN and TAN within 1 day to improve Ease of Doing Business


In order to improve the Ease of Doing Business for newly incorporated corporates CBDT has tied up with Ministry of Corporate Affairs MCA to issue Permanent Account Number PAN and Tax Deduction Account Number TAN in 1 day Applicant companies submit a common application form SPICe INC 32 on MCA portal

Rs 1.37 Lakh Crore of tax evasion detected by search and survey in last 3 years


Department of Revenue Ministry of Finance achieves phenomenal success towards eliminating Domestic Black Money in last three years 23064 searches surveys have been conducted Income Tax 17525 Customs 2509 Central Excise 1913 Service Tax 1120 More than Rs 1 37 Lakh Crore of tax evasion has been detect

Govt announces revised rates of interest on Small Savings leaves PPF untouched


The Union Government has announced revised rates of interest on Small Savings Schemes for the First Quarter of 2017 18 to bring them somewhat closer to market rates Small Savings schemes will continue to be attractive as some of them enjoy income tax benefits and additional interest rate spreads Rev

New Premises of Insolvency and Bankruptcy Board of India inaugurated in Delhi


Shri Arjun Ram Meghwal MOS Finance Corporate Affairs Insolvency and Bankruptcy Code 2016 is a key economic reform that will facilitate ease of doing business and promote economic growth Inaugurates the new Premises of Insolvency and Bankruptcy Board of India in national capital The Minister of State

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Experts Opinions

Arrears excise duty of rule 8 payment from cenvat credit


I have received a notice that we can not pay the Arrears Excise Duty under Rule 8 from utilizing of Cenvat Credit Please help me this May we need to pay it from Cenvat Credit or through PLA Letter as below I have receive Subject Irregular payment of duty as default payment reg On scrutiny of ER 1s f

Refund Under Central Excise Hit by Time Limitation.. ???


My acquaintance filed a Refund claim of Central excise in year 2013 which was as per provisions os Sec 11B of Central Excise However the department returned the claim with deficiency memo in 2013 only Meanwhile the file so returned got misplaced resulting default in resubmission of claim Recently th

Custom duty on import of energy drink


I would like to know custom duty and VAT on import of Energy Drink VAT percentage on Maharashtra Madhay Pradesh Rajasthan and Gujarat Thanks in advance for your help and support Regards Rajive

Maharashtra Excise Rule on Liquor Sale (FL-2)


Please guide me in relation to the order passed by Supreme Court for ban on Liquor sale from 01st of April 17 at all National cum State Highways with a restriction of 500 mtrs I came across one such query on this topic was whether there is any new restrictions imposed on distance between two eligibl

Indirect tax rates


Applicable rate of indirect taxes for May 17 IPCC

Discussion

Tobacco products and excise implications

Dear All As you know under GST regime Tobacco products falling under Excise as well as GST Concept of Excise Trader i e First Stage Dealer and Second Stage Dealer still continue in GST regime If exists what will be the impact of GST Invoicing will both Rule 11 invoice and GST invoice are applicable

Utilization cenvat credit for arrears excise duty rule 8

I have received a notice from Excise Department that we can not pay the Arrears Excise Duty under Rule 8 from utilizing of Cenvat Credit Please help me regarding Arrears Excise payment under Rule 8 of Central Excise Act 2002 May we need to pay it from Cenvat Credit or through PLA Letter as below I h

Credit in gst of excise duty paid by a trader

A trader purchases directly from the manufacturer the manufacturer charges excise duty as well as VAT in the invoice Till now the dealer used to take credit of VAT and excise duty was treated as an expense In GST Whether the person will be eligible to avail credit of the excise duty if yes under whi

Prosecution & arrest under excise,service tax & custom laws

Can anyone please provide Prosecution arrest provisons under excise service tax custom laws very confused in threshold limits urgent please reply

excise refund regarding

sir kindly advice that our excise case has remand from cestet tribunal to original adjudication authority before cestet case we have deposited the 10 lacs under protest for stay order during the commissioner appeals can now we fill the refund or not to division office in excise

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GST Simplified - Levy, Supply & Rates


We are back with next GST Simplified Series If you have missed any of our previous write ups you can discover them here GST Simplified Series 2 explains aspects of Levy Rates Supply under GST Update CGST IGST UTGST Bills have been passed in Lok Sabha on 29 03 2017 Any reference of sections and provi


Concessional Loans (below market rates) or discounted items sold to employees- Ind-As/ IFRS


It is quite general practice to provide concessional loans and or to provide goods of an entity to its own employees These are generally treated at their normal transaction values and no fair values comparison is being taken into account Now after the introduction of Ind As IFRS in India these kind


GST Migration for Excise and Service Tax assesses to start from 5th and 9th Jan 2017


In series of events to witness the GST light of the day enrolment of existing registrants in indirect taxes was made open for the assessees presently registered with State Tax or VAT in Puducherry the first in the Country along with Sikkim from November 8 2016 On the same day GST System Portal www g


Falling interest rates and the plight of senior citizens


Before the previous last RBI meet there was an increased expectation of rate cuts by RBI as a measure of providing impetus to the economy after demonstration That RBI maintaining status quo on repo rates at 6 25 is a negative thing for most people but senior citizens in India Citing increased liquid


Investment subsidy by State Govt. - Whether excise duty is payable


State governments offer incentives for setting up industries in the Backward regions and generating employment The eligible amount of subsidy is determined and capped as per capital invested and employment generated by aunit The subsidy to be granted is determined also on the basis of VAT CST deposi


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Updated on : 4/26/2017 1:55:14 AM


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