Excise Articles
Clarification on some issues on excise on jewellery
The scheme of levy and collection of Central Excise duty on articles of Jewellery is as under:(a) The levy and collection of Central Excise Duty is on the manufacture of Jewellery (excluding silver Jewellery, not studded with diamonds, ruby, emerald
Central Excise on Jewellery: Whether fears are real?
BackgroundExcise Duty has been imposed on the article of jewellery in the Union Budget 2016-17. There has been protest by trade fearing the nuisances of excise. There fear is not without justifiable reasons
No rollback of 1% excise on gold
The Union Finance Minister, Arun Jaitley straightaway stood firm on 1 % Excise duty proposed on non silver jewellery in Budget 2016-17.While replying in the debate discussions held in the Lok Sabha on 14 March, 2016,
Excise Duty on Textile Sector: Increased cost and Compliance Burden
Textile has been subjected to duty of excise at different point of time. In 2004, exemption was granted on textile articles falling unde
Exemption to Ready Mix Concrete - A Great Relief to Construction Industry
Taxability of Ready Mix Concrete, now a days has gathered a great impetus, due to various investigations and show cause notices being raised by the excise department to collect excise duty applicable to RMC from various construction industri
Cenvat credit admissible on services of sales commission agent
Cenvat credit admissible on services of sales commission agentBackground:Even though the definition of �input services� given under Rule 2(l) of the Cenvat Credit Rules, 2004 (�the Credit Rules�) covers the services of sales p
Confusion for Cenvat Credit on Swachha Bharat Cess
After implementation Swachha Bharat Cess ( hereinafter referred as SBC for the sake of brevity), there is confusion in the trade, industry, service provider and also in the consultants whether Cenvat
Excise duty payment on RMC manufactured at site
Ready Mix Concrete (RMC) is being off late used often in the construction industry, which reduces the time and also the cost effective, before the concept of RMC there concrete mix was prepared in the site of construction and was used there. With th
No cenvat credit to a job worker manufacturer?
Dear All, In this article I have discussed on the following question that I came across recently. Whether manufacturing of excisable goods which are cleared on payment of duty by job worker is covered under the definition of exempted services thereby
Cash discount under Excise valuation - SC Judgement and its analysis
Dear All,In this article, I have discussed a recent judgement of the Supreme court and also shared my views / confusion in regards to the same. Request the readers to express their valuable views in this regard. Introduction:It is a common industry p
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