Excise Articles

1% Levy- How to Comply?

Madhukar N Hiregange 05 March 2011 at 12:27

New Products under Central Excise Levy 1.3.2011 Madhukar N Hiregange FCA The Finance Minister as a move towards GST to be implemented by 2012 took a step in removing the exemption regime by levying duty on 130 items out of 370 where VAT is

Branded Garments - Compliance Under Central Excise

Madhukar N Hiregange 05 March 2011 at 12:27

Branded Garments / Made Up Articles- Impact of Central Excise - Madhukar N Hiregange FCA Garments manufacturers were under the Central Excise levy in 2003. In 2004 the option either to pay duty by availing CENVAT Credit or claim full exempti

Section 11E - A Welcome Step

Pradeep Jain 04 March 2011 at 11:48

SECTION 11E A WELCOME STEP Prepared By: CA Pradeep Jain, CA Preeti Parihar Jitesh Bhandari In the Budget 2011-12 introduced on 28.2.2011, a New Section 11E has been inserted in the Central Excise Act, 1944. This section is inserted to

Branded Goods-Stitched to Excise Duty

Pradeep Jain 03 March 2011 at 15:21

BRANDED GOODS STITCHED TO EXCISE DUTY Prepared By: CA.Pradeep Jain CA. Preeti parihar CA. Ridhi Anchalia Introduction:- Major amendments have been brought in Ready made garments and made-up articles through the budget 2011-12. These g

Central Excise Duty Assessment on Ready Made Garments

Rajesh Kumar 01 March 2011 at 22:50

Excise duty at the rate of 10% shall now apply to ready-made garments and made-up articles of textiles falling under Chapters 61, 62 and 63 (heading nos.63.01 to 63.08) of the Central Excise Tariff except those falling under heading nos.63.09 and

Two Exemption Notifications: litigation inbuilt

Pradeep Jain 01 March 2011 at 22:46

Two exemption Notifications: litigation inbuilt Prepared By: - CA. Pradeep Jain CA. Preeti Parihar Introduction: - The honble Finance Minister of India has introduced the Finance Bill, 2011 on 25.2.2011. This bill has withdrawn a no. of exe

Clandestine Removal: A Blessing For 100% EOU

Pradeep Jain 17 February 2011 at 15:55

Clandestine Removal: A Blessing For 100% EOU - CA. Pradeep JainCA. Preeti Parihar CA. Ridhi AnchaliaIntroduction:"Ill gotten gains" are not the ill-ones if caused due to the interpretations of law.

Central Excise -A guide to Assessees

Ram Avtar Singh 14 February 2011 at 11:50

Central Excise duty is an indirect tax which is levied and collected on the goods/commodities manufactured in India. Generally, manufacturer of commodities is responsible to pay duty to the Government. This indirect taxation is admin

Practice Knowledge - Central Excise

Madhukar N Hiregange 28 January 2011 at 11:44

Knowledge inputs for practice Central Excise Madhukar N Hiregange FCA What is Central Excise Law? The Central Excise Law made up of Acts, Rules, case laws apart from analysis of Notifications, Circulars and Trade Notices can be used in d

Third Innings: Section 4A v/s Section 4

Pradeep Jain 12 January 2011 at 12:37

Third Innings: Section 4A v/s Section 4 By- CA. Pradeep Jain Siddharth Rutiya Section 4A of Central Excise Act, 1944 empowers Central Government to specify goods on which duty will be payable based on 'retail sale price'. The basic require