Excise Articles
Unutilised Cess lying as on 28th Feb
The Notification No. 12/2015-C.E(N.T) has created a havoc in the industry as to what to do with the unutilized Cess lying as on 28.02.2015 i.e before 01.03.2015. Before attempting on this issue, I must share that the sole intention behind issuance o
CBEC clarifies - Clearance from DTA to SEZ is Export and eligible for rebate of duty
Dear Professional Colleague, CBEC clarifies - Clearance from DTA to SEZ is Export and eligible for rebate of duty Background: In the Union Budget, 2015 vide Notification No. 06/2015-C.E. (N.T.) dated March 1, 2015 (Effective from March 1, 2015), E
Excise Audits
Goods are removed by the assessee under self-removal system (except in case of cigarettes). Further, Excise department do not verify the returns filed by the assessee and hence there is a need for audit of assessee to ensure that there are no revenue
Recovery without SCN constitutionally valid?
MISTAKE IN DECLARING LIABILITY WILL LEAD TO RECOVERY WITHOUT SCNOrRECOVERY WITHOUT SCN-CONSTITUTIONALLY VALID? Introduction:- This article is an attempt to analyse the impact of amendment made in section 11A of the Central Excise Act, 1944 and sectio
Change in MRP based valuation in Central Excise
Amendments in Third Schedule to the Central Excise Act, 1944 In budget, 2015 there is some change in notification no 49/2008-C.E. (N.T.), dated 24-12-2008 vide notification no 3/2015-C.E. (N.T.) clause 103 of the finance Bill, 2015:- By virtue of dec
Refund for deemed exports
Old practice of Government-High Court Decision undone!! Introduction:- It is a very old tactic followed by the government that when the interpretation taken by High Court or Supreme Court on an issue is consistently held against the revenue, the best
SSI units - Exemption under central excise
SSI units & Notification no.8/2003 CE SSI stands for Small Scale Industries. Notification no.8/2003 provides relaxation to SSI units from central excise duty subject to certain conditions. T
A small note on ER4,ER5, ER6, ER7
A note on the ER4, ER-5, ER-6, and ER-7 returnsIntroductionER-4, ER-5, ER-6 and ER-7 returns are to be filed by the assessee in addition to the ER-1/ER-3 which is regularly filed by the assessee registered under the Central Excise. However ER-4, ER-5
An Insight - Mandatory Pre Deposit
Finance Bill (No.2) 2014 has vide Clause 98 has proposed an amendment in Section 35F of Central Excise Act that the appeal against an Order passed by lower authorities will not be entertained unless the appellant has made a pre-deposit of 7.5 per cen
Job work-Valuation under Central Excise
A job work transaction triggers Excise Duty liability if the process involves manufacture. The consequent question that arises is how to determine assessable value of the goods involved.
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