Excise Articles

EXCISABILITY OF GOODS MANUFACTURED OR ERECTED AT SITE

Posted by dipesh 19 May 2008 18131 Views

Sec 3 of Central Excise Act 1944 is the charging section.As per the section Excise Duty will be leviable if there is1)Manufacture2)Excisable goods3)IndiaThe goods have to be movable and marketable.So with regard to criteria of "movable" man

Brass Tacks of Excise

Posted by CA. Rayan Sequeira 08 October 2007 6787 Views

Central Excise duty is an indirect levy and collection of tax on goods manufactured or produced in India. To levy any duty, tax etc it should be in accordance with the constitution of India. Entry 84 of Union List empowers the levy of excise duty on

Period of Preservation of Accounts

Posted by CMA Gul S 17 September 2007 7198 Views

Central ExciseDaily Stock Account of goods produced must be maintained for 5 years immediately after the financial year to which such records pertain Maharashtra Value Added Tax Rules Every Registered Dealer must preserve all books of account, regis

Single window clearances envisaged for SEZs

Posted by CMA Gul S 14 September 2007 5804 Views

The Union Minister of Commerce & Industry called for a coordinated effort by all stakeholders so that SEZ Scheme can fulfill its objectives and is implemented efficiently by the State Governments by providing single window facilities and all othe

Brass tack of Excise

Posted by Harish 07 September 2007 7467 Views

Brass Tacks of Excise Central Excise duty is an indirect levy and collection of tax on goods manufactured or produced in India. To levy any duty, tax etc it should be in accordance with the constitution of India. Entry 84 of Union List empowers the

SC defines 'manufacture'

Posted by CA Nikita 31 May 2007 12803 Views

The question whether plants and machinery assembled at site amounted to manufacture and therefore attracted excise duty arose in three appeals before the Supreme Court in the case, Commissioner of Central Excise vs Cethar Vessels Ltd. In one case, th