Excise Articles

Disputed Input Services

Posted by Madhukar N Hiregange 12 August 2009 16471 Views

DISPUTED INPUTS SERVICE CREDITS AND MANUFACTURERBy CA Madhukar N Hiregange& CA Srikantha Rao TThe concept of set off where an assessee adding value is able to set off the taxes on his purchases, is an important one which enables one to avoid the

Budget 09-10: Changes in Excise Law

Posted by Rajesh Kumar 06 July 2009 9719 Views

CENTRAL EXCISE:Tariff:There is effort to move the overall rate towards 8% mean rate. Thus the products attracting 4% duty rate will now attract 8% duty. Such increase is there in Man Made textile, ceramic tiles, plywood and article of woods, writing

What is Excise Duty?

Posted by BALASUBRAMANYA B N 30 June 2009 34559 Views

Q.1What is Excise Duty? Is it collected by the State Government or the Central Government? How is it different from Sales Tax?A.1Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcoti

SSI & Central Excise

Posted by Madhukar N Hiregange 28 May 2009 16030 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 10 April 2009 117727 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

February Rate Changes - Effect

Posted by Madhukar N Hiregange 01 March 2009 8431 Views

NOTE ON DUTY RATES UNDER CENTRAL EXCISE- 24.02.2009 Madhukar N Hiregange FCA & Vinay K.V. ACA The Government has been concerned about the impact of the global financial crisis on the Indian economy and a couple of steps have been taken to deal wi

SMALL SCALE UNIT

Posted by S. Banerjee 26 February 2009 60517 Views

Provisions of Small Scale Industries under Central Excise Sambhu Banerjee - FICWA Definitions: An industrial undertaking in which the investment on Fixed Assets in plant and machinery whether held on ownership or terms on lease or on hire purchas

Excise Department

Posted by BALASUBRAMANYA B N 13 February 2009 24214 Views

FunctionsThe prime job of Excise Department is to regulate import and supply of liquor, intoxicants and narcotics (for medicinal purposes), the statutory powers for which are discharged under the Punjab Excise Act, 1914 and Medicinal and

Bonds under Central Excise

Posted by bheemashankar 08 September 2008 62130 Views

Bonds under Central ExciseThe word ‘bond’ is used quite often in excise and customs e.g. manufacture under bond, clearance under bond, export under bond etc. ‘Bond’ means an undertaking given by the assessee to Government for

Condition for Levy of Excise duty

Posted by bheemashankar 26 August 2008 80714 Views

Condition for Levy of Excise Duty 1) There must be goods.2) The goods must be excisable.3) Excisable goods must be manufactured or produced in India. Goods The Central Excise Act 1944 does not define goo