Excise Articles

Third Innings: Section 4A v/s Section 4

Posted by Pradeep Jain 12 January 2011 19870 Views

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

Posted by Ram Avtar Singh 04 January 2011 28274 Views

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

Posted by CA S.SAIRAM 18 December 2010 26682 Views

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

Posted by Pradeep Jain 23 November 2010 6641 Views

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

Posted by Parth - CA,CS,CMA 20 October 2010 41230 Views

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

Duty Drawback - Customs Act,1962

Posted by CA S.SAIRAM 16 July 2010 106331 Views

DUTY DRAWBACK - CUSTOMS ACT, 1962 Duty Drawback is governed by a couple of sections in the Customs Act, 1962 namely Sec.74 and Sec.75. The common intention is apparently to refund the import duty borne by the importer on exporting the goods. One (Se

Are these Statustory due dates really painful?

Posted by CA S.SAIRAM 05 July 2010 11732 Views

ARE THESE STATUTORY DUE DATES REALLY PAINFUL? Our Government’s bonhomie towards taxpayer with respect to Tax compliance is generally felt very less by many of us. There are numerable due dates for reporting and payment of taxes and duties. T

Compound levy on SS Patta/Patti units: Controversy continues

Posted by Pradeep Jain 30 June 2010 14551 Views

Compound levy on SS Patta/Patti units: Controversy continues Prepared By: CA Pradeep Jain, Sukhvinder Kaur, LLB [FYIC] Introduction: The issue involved in this piece was dealt by us in an earlier article titled “Controversy on Educati

Efiling return of Excise & service tax

Posted by Ram Avtar Singh 14 June 2010 219669 Views

What is ACES - ACES stands for Automation of Central Excise and Service Tax. It is a centralized, web based software application which automates various processes of Central Excise and Service Tax for assessees and department, and gives complete end

Packing the dispute of branded goods on packing material

Posted by Pradeep Jain 10 June 2010 10413 Views

Packing the dispute of branded goods on packing material Prepared By:- CA. Pradeep Jain, Sukhvinder Kaur LLB[FYIC] And CA Ridhi Anchalia Introduction: - There are already two articles published on our website www.capradeepjain.com on this is