Excise Articles

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 This bill has withdrawn a no.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

Conditions for allowing CENVAT credit

Ram Avtar Singh 04 January 2011 at 12:08

Conditions for allowing CENVAT credit.- (1) The CENVAT credit in respect of inputs may be taken immediately on receipt of the inputs in the factory of the manufacturer or in the premises of the provider of output service: Provided that

Excise and Service tax Audit in Manufacturing Industry-Ticklish things

CA S.SAIRAM 18 December 2010 at 11:59

Our Audit performance (whatever the area may be) hinges on effective maintenance of records and documents otherwise the audit team is sure to take us for a ride. Not only this, the accounting department also has to have a good presence of mind as reg

Draft Scheme of "On Site Audit" in context of Post Clearance

Pradeep Jain 23 November 2010 at 12:35

Draft Scheme of On Site Audit in context of Post Clearance Audit (PCA) for Imports Prepared By: CA Pradeep Jain, CA Preeti Parihar and Sukhvinder Kaur, LLB [FYIC] INTRODUCTION: A good beginning makes a good end.

Customs - Warehousing Procedures

Parth - CA,CS,CMA 20 October 2010 at 13:06

Public Warehouses: Public Warehouses are appointed by the Asst./Dept. Commissioner at the customs stations. Goods imported by any importer can be stored there. Private Warehouses: Licensed by the Asst./Dept. Commi