Excise Articles

EOU and its audit procedure

Posted by Manikanta Raju CA,CWA,(CS) 18 December 2009 39771 Views

Brief introduction of Export Oriented Unit (EOU):Units undertaking to export their entire production of goods and services (except permissible sales in the DTA), may be set up under the Export Oriented Unit (EOU) for manufacture of goods, including r

Excise INVOICE SYSTEM

Posted by Ram Avtar Singh 07 December 2009 40953 Views

INVOICE SYSTEM1. Introduction1.1 An invoice is the document under cover of which the excisable goods are to be cleared by the manufacturer. This is also the document which indicates the assessment of the goods to duty. No excisable good

Good Transactions under Goods and Services Tax

Posted by Pradeep Jain 18 November 2009 7908 Views

Good transactions under Goods and Services Tax Prepared By: - CA Pradeep Jain,Sukhvinder Kaur, LLB (FYIC)Siddharth Rutiya Introduction: - The indirect tax regime in India is evolving into GST in the year 2010. The steps towards introduction of GST

Brand Name for Packing Industry: - All is well that ends well

Posted by Pradeep Jain 13 November 2009 14053 Views

Brand Name for Packing Industry: - All is well that ends well Prepared by: - CA. Pradeep Jain Sukhvinder Kaur, LLB(FYIC) visit us : www.capradeepjain.com Introduction: - SSI exemption has been granted to boost the small scale industries. Exemption

Scrapping the Apex Court decision on Scrap

Posted by Pradeep Jain 07 November 2009 14006 Views

Introduction: - The Central Excise duty is leviable on the process of "manufacture". Any process that brings a new article into existence with different name, character and use is known as manufacturing activity. For levying duty on any article it mu

JOB WORK, CENVAT & LITIGATION - GOOD JOB FOR CONSULTANTS

Posted by Pradeep Jain 05 October 2009 22108 Views

JOB WORK, CENVAT & LITIGATION – GOOD JOB FOR CONSULTANTS The article by:CA. Pradeep JainCA. Preeti PariharSukhvinder Kaur (LLB) Introduction: - ‘Job Work’, ‘Cenvat” and ‘Litigation’ - a combination of

ASSESSEE'S RIGHTS AGAINST DELAY

Posted by Arun Kumar Singh 26 September 2009 10072 Views

Rajesh Kumar, AdvocateA tax assessee has to deal with the problem of delay almost every time it interacts with the tax authorities. This delay is sometimes due to the system of tax administration, which imposes unnecessary and unreasonable restrictio

Amendment for Cenvat on Building Material :Far from solution

Posted by Pradeep Jain 01 September 2009 14565 Views

In a manufacturing process, there are a lot of raw materials used to make a final product. The excise duty paid on the said raw materials or inputs used in manufacturing of final products are eligible as Cenvat credit under the Cenvat credit scheme.

SSI Exemption

Posted by Madhukar N Hiregange 27 August 2009 47444 Views

CENTRAL EXCISE - SMALL SCALE INDUSTRIES By Madhukar N Hiregange (DISA, FCA)& Srikantha Rao T (B.Com, ACA) A manufacturer who manufactures excisable goods in India is liable to pay Central Excise duty on such goods. The duty is collected on clear

Job Work Under Central Excise

Posted by Madhukar N Hiregange 20 August 2009 49095 Views

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