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01 December 2016 at 11:40

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

  POSTED BY Arbind Aggarwal

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

  0 comments |   1114 Views

03 September 2016 at 11:34

Seizure of cash during investigation in central excise

  POSTED BY Prabhat Kumar

The cash is a vehicle to run the business and an unwarranted seizure only put breaks on the movement of the business. Not only this has the seizure of cash also

  3 comments |   1825 Views

02 August 2016 at 10:56

Highlights of Applicability of Excise on Gems and Jewellery Industry

  POSTED BY samarth jain

This write up is to update you on the recent developments on applicability of Excise on Gems and Jewellery Industry.

  0 comments |   750 Views

27 May 2016 at 10:28

Excise Duty on Jewellery - A Nightmare

  POSTED BY Amrit Dalmia

In this year�s Budget, a nominal excise duty of 1% [without CENVAT Credit on Capital Goods and Inputs]and 12.5% [with CENVAT Credit on Capital Goods and Inputs] has been imposed on articles of jewellery [excluding silver jewellery, other than s

  6 comments |   4032 Views

23 May 2016 at 10:40

Advantages to a jeweller for registering under excise


Union budget 2016-17 has introduced levy of excise duty on making of jewellery. With the levy, jewellers feared that the �Inspector rajya� would be back and this fear led to a widespread outrage among the jewellers for non acceptance of l

  2 comments |   2789 Views

12 May 2016 at 10:33

Limitation in case of recovery of interest on delayed payment of central excise duty


The judicial precedent always plays vital role to clarify the law particularly when statute is not clear cut in regard to any issue. There is the same situation in the case of demand of interest on delayed payment of Central Excise Duty. The Central

  1 comments |   931 Views

05 April 2016 at 11:02

Clarification on some issues on excise on jewellery

  POSTED BY CA Darshan 7710088400

The scheme of levy and collection of Central Excise duty on articles of Jewellery is as under:(a) The levy and collection of Central Excise Duty is on the manufacture of Jewellery (excluding silver Jewellery, not studded with diamonds, ruby, emerald

  0 comments |   4665 Views

01 April 2016 at 11:00

Central Excise on Jewellery: Whether fears are real?

  POSTED BY Ashish Chaudhary

BackgroundExcise Duty has been imposed on the article of jewellery in the Union Budget 2016-17. There has been protest by trade fearing the nuisances of excise. There fear is not without justifiable reasons

  3 comments |   4493 Views

28 March 2016 at 11:40

Registration under excise by jeweller: A thoughtful decision

  POSTED BY Ashish Chaudhary

BackgroundRegistration with tax authorities is first step for any assessee to make compliance with the law and similar is the case for jewelers who have been brought within excise ambit in Budget 2016-17. But it

  0 comments |   4300 Views

26 March 2016 at 12:11

Professional Opportunity - Central Excise - Jewellery

  POSTED BY Madhukar N Hiregange

The new assessee engaged in manufacture of jewellery may find it difficult to cope with compliance requirements under Central Excise law. The liability starts from 1st March 2016 though some procedural relaxations provided to the Jewellery segment.T

  2 comments |   3561 Views

17 March 2016 at 10:58

No rollback of 1% excise on gold

  POSTED BY CA Neha Gupta

The Union Finance Minister, Arun Jaitley straightaway stood firm on 1 % Excise duty proposed on non silver jewellery in Budget 2016-17.While replying in the debate discussions held in the Lok Sabha on 14 March, 2016,

  8 comments |   3874 Views

12 March 2016 at 12:08

Excise Duty on Textile Sector: Increased cost and Compliance Burden

  POSTED BY Ashish Chaudhary

Textile has been subjected to duty of excise at different point of time. In 2004, exemption was granted on textile articles falling unde

  1 comments |   2175 Views

09 March 2016 at 11:13

Exemption to Ready Mix Concrete - A Great Relief to Construction Industry

  POSTED BY CS Priyanka Gupta

Taxability of Ready Mix Concrete, now a days has gathered a great impetus, due to various investigations and show cause notices being raised by the excise department to collect excise duty applicable to RMC from various construction industri

  6 comments |   4566 Views

15 February 2016 at 10:47

Cenvat credit admissible on services of sales commission agent

  POSTED BY Bimal Jain

Cenvat credit admissible on services of sales commission agentBackground:Even though the definition of �input services� given under Rule 2(l) of the Cenvat Credit Rules, 2004 (�the Credit Rules�) covers the services of sales p

  1 comments |   2483 Views

12 December 2015 at 12:51

Confusion for Cenvat Credit on Swachha Bharat Cess

  POSTED BY Manish K.Gandhi

After implementation Swachha Bharat Cess ( hereinafter referred as SBC for the sake of brevity), there is confusion in the trade, industry, service provider and also in the consultants whether Cenvat

  3 comments |   3847 Views

29 October 2015 at 10:49

Excise duty payment on RMC manufactured at site

  POSTED BY Sudhir V S

Ready Mix Concrete (RMC) is being off late used often in the construction industry, which reduces the time and also the cost effective, before the concept of RMC there concrete mix was prepared in the site of construction and was used there. With th

  2 comments |   5816 Views

08 October 2015 at 10:37

No cenvat credit to a job worker manufacturer?

  POSTED BY Yash Goyal

Dear All, In this article I have discussed on the following question that I came across recently. Whether manufacturing of excisable goods which are cleared on payment of duty by job worker is covered under the definition of exempted services thereby

  18 comments |   13329 Views

11 September 2015 at 12:01

Exemption for small scale units (SSI) under central excise

  POSTED BY CA Gagandeep Singh Kochar

1) Meaning of Small Scale Exemption.Under the provisions of the Central Excise Act a Small Scale Industry is one whose aggregate value of Turnover does not exceed Rs. One Hundred and Fifty Lakhs made on or after the 1st day of April in any financial

  9 comments |   5027 Views

08 September 2015 at 10:36

Cash discount under Excise valuation - SC Judgement and its analysis

  POSTED BY Yash Goyal

Dear All,In this article, I have discussed a recent judgement of the Supreme court and also shared my views / confusion in regards to the same. Request the readers to express their valuable views in this regard. Introduction:It is a common industry p

  7 comments |   8113 Views

17 August 2015 at 10:27

Cenvat Credit of Input Services up to Place of Removal

  POSTED BY Manish K.Gandhi

Cenvat Credit of Input Services up to Place of Removal: Whether Circular dated 20.10.2014 and 28.02.2015 ultra vires provisions of Cenvat Credit Rules� 2004? CBEC vide Circular No. 988/12/2014-CX dated 20.10.2014 intimated insertion of definiti

  4 comments |   5218 Views

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