Excise Articles

Cenvat credit on building material: - Tax Expert or Jyotishi

Pradeep Jain 10 June 2010 at 12:18

Prepared By: -CA Pradeep Jain,Sukhvinder Kaur, LLB[FYIC]CA Ridhi Anchalia visit us at : www.capradeepjain.com Introduction: - This is most interesting remark we got on our article “Amendment on Cenvat on building material: Far from solutions&r

Job Work: Better late than never

Pradeep Jain 01 April 2010 at 12:05

Job Work: Better late than never Prepared By: CA Pradeep Jain Sukhvinder Kaur, LLB Introduction: - In this article, we are discussing the issue of eligibility of a jobworker in availing cenvat credit on inputs used by him in the manufacture

Rule 6 of Cenvat Credit Rules, 2004 Easy Understanding

Member (Account Deleted) 24 March 2010 at 11:17

Some Issues on Rule 6 of CENVAT Credit Rules 2004 The most happening topic under the whole of CENVAT credit rules, 2004 is Rule 6. This topic since its introduction has not been asked in the exams [CA Final [existing]]. Keeping this in view some

Rule 3(5B) of CENVAT Credit Rules, 2004- Issues Discussed

Member (Account Deleted) 23 March 2010 at 11:53

I have written this article to discuss some issues relating to Rule 3(5B) of CENVAT Credit Rules, 2004 [for short CCR, 2004]A short background for introduction of this ruleIt is not unusual that manufacturers are stuck with non-moving stocks of input

Snatching earth beneath landlord's feet

Pradeep Jain 19 March 2010 at 11:25

Snatching earth beneath landlord’s feet with retrospective amendment Prepared By: CA Pradeep Jain Sukhvinder Kaur, LLB Introduction: - The renting of immovable property for commercial/business purpose was brought under service tax net in

"Eligible" covers Non-eligible also

Pradeep Jain 10 March 2010 at 13:55

Prepared By: CA Pradeep Jain and Sukhvinder Kaur, LLB Introduction: This year the Budget 2010 announced on 26.02.2010 has given benefits to Small Scale Units. These benefits have been given not only to those units which are availing the small sc

Highlight of the changes proposed in Central Excise in the Budget

MONISH BHALLA 02 March 2010 at 11:15

1. The excise duty of all goods which attracted 8% Central Excise duty previously will now be taxed at 10%. 2. The rates of duty on cement manufactured by units other than Mini Cement Plant in packaged form and bulk form have also been revised upwa

Roasted Almonds Case--Indirect Tax Case Laws --exam approach

Mythreya 27 January 2010 at 12:53

An interesting Query which came in the forum was thus:“CASE: Almonds are roasted in ghee and salt and cut into pieces and packed in small bags and kept in freezers. These almonds are later on mixed in ice cream to create new flavours.(The roast

JOB WORK AND REVERSAL: ALL IS WELL......

Pradeep Jain 22 January 2010 at 14:14

JOB WORK AND REVERSAL: ALL IS WELL…….. SUBMITTED BY: -CA PRADEEP JAINJITESH BHANDARIMAYANK PALGAUTA Visit us at www.capradeepjain.com INTRODUCTION: The controversy on job work vis-à-vis reversal of Cenvat credit under Rule

Restoration of issue of "Written off" goods"

Pradeep Jain 06 January 2010 at 11:44

Restoration of issue of "Written off" goods"IntroductionWriting off the Inputs and Capital Goods for the stock account purpose in the books of accounts and reversal of CENVAT Credit has always been a matter of dispute between the asses