Excise Articles

Job Work Under Central Excise

Madhukar N Hiregange 10 April 2009 at 14:37

JOB WORK UNDER CENTRAL EXCISEBy Madhukar N Hiregange (FCA, DISA)& Srikantha Rao T (B.Com, ACA) Job work is one of the most important aspects that a manufacturer registered under Central Excise should be familiar with not just because it enables

February Rate Changes - Effect

Madhukar N Hiregange 01 March 2009 at 02:15

NOTE ON DUTY RATES UNDER CENTRAL EXCISE- 24.02.2009 Madhukar N Hiregange FCA & Vinay K.V. ACA The Government has been concerned about the impact of the global financial crisis on the Indian economy and a couple of steps have been taken to deal wi

SMALL SCALE UNIT

S. Banerjee 26 February 2009 at 19:43

Provisions of Small Scale Industries under Central Excise Sambhu Banerjee - FICWA Definitions: An industrial undertaking in which the investment on Fixed Assets in plant and machinery whether held on ownership or terms on lease or on hire purchas

Excise Department

BALASUBRAMANYA B N 13 February 2009 at 13:07

FunctionsThe prime job of Excise Department is to regulate import and supply of liquor, intoxicants and narcotics (for medicinal purposes), the statutory powers for which are discharged under the Punjab Excise Act, 1914 and Medicinal and

Bonds under Central Excise

bheemashankar 08 September 2008 at 13:53

Bonds under Central ExciseThe word ‘bond’ is used quite often in excise and customs e.g. manufacture under bond, clearance under bond, export under bond etc. ‘Bond’ means an undertaking given by the assessee to Government for

Condition for Levy of Excise duty

bheemashankar 26 August 2008 at 12:51

Condition for Levy of Excise Duty 1) There must be goods.2) The goods must be excisable.3) Excisable goods must be manufactured or produced in India. Goods The Central Excise Act 1944 does not define goo

EXCISABILITY OF GOODS MANUFACTURED OR ERECTED AT SITE

dipesh 19 May 2008 at 13:58

Sec 3 of Central Excise Act 1944 is the charging section.As per the section Excise Duty will be leviable if there is1)Manufacture2)Excisable goods3)IndiaThe goods have to be movable and marketable.So with regard to criteria of "movable" man

Brass Tacks of Excise

CA. Rayan Sequeira 08 October 2007 at 21:33

Central Excise duty is an indirect levy and collection of tax on goods manufactured or produced in India. To levy any duty, tax etc it should be in accordance with the constitution of India. Entry 84 of Union List empowers the levy of excise duty on

Period of Preservation of Accounts

CMA Gul S 17 September 2007 at 22:43

Central ExciseDaily Stock Account of goods produced must be maintained for 5 years immediately after the financial year to which such records pertain Maharashtra Value Added Tax Rules Every Registered Dealer must preserve all books of account, regis

Single window clearances envisaged for SEZs

CMA Gul S 14 September 2007 at 14:01

The Union Minister of Commerce & Industry called for a coordinated effort by all stakeholders so that SEZ Scheme can fulfill its objectives and is implemented efficiently by the State Governments by providing single window facilities and all othe