Excise Articles

Unutilised Cess lying as on 28th Feb

Posted by Anandaday Misshra, Advocate 04 May 2015 8885 Views

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

Posted by Bimal Jain 01 May 2015 17823 Views

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

Posted by CMA Poornima Madhava 23 April 2015 25454 Views

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?

Posted by Pradeep Jain 11 March 2015 11806 Views

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

Posted by CA. Dau Daga 07 March 2015 39182 Views

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

Posted by Pradeep Jain 07 March 2015 18893 Views

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

Posted by CMA Poornima Madhava 24 February 2015 338332 Views

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

Posted by Santhosh kumar 03 February 2015 142363 Views

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

Posted by CA Prakash Sajnani 31 January 2015 11730 Views

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

Posted by PRADEEP REDDY 17 January 2015 29126 Views

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.