Excise Articles

Default in payment of excise duty: Meaning and consequences

Posted by Prabhat Kumar 08 November 2014 74611 Views

In law most of the things are prescribed in the statute and ever

Impact of non submission of export intimation within the prescribed time in case of ct-3

Posted by R.P.Singh 08 November 2014 18423 Views

The perception of law should as it helps the implementation of law effectively. Law is framed for the assesse in which they will able to pay effortlessly Central Excise duty and follow the all principal of the Central Excise law. If there is any prov

Updates under Central Excise & Service Tax

Posted by Venkatanarayana GM 30 October 2014 37271 Views

Important Updates under Excise - October 2014 Board has come up with the clarity that, determination of place of removal which is recently defined in Cenvat Credit Rules 2004., inserted by way of notification no 21/2014 C.E (NT) date

Micro Nutrient Mixtures - Whether it is Plant Growth Regulator

Posted by RENGARAJ R.K 20 October 2014 13137 Views

R.K Rengaraj, Advocate, Swamy Associates Micro Nutrient Mixtures -Whether it is Plant Growth Regulator or Other Fertiliser under Central Excise classification? Introduction: The CESTAT, Bangalore has recently held in the case of KPR Fertilizer Ltd V

Cenvat implication on Sales rejection

Posted by Venkatanarayana GM 17 October 2014 29478 Views

It is normal that, excise duty paid goods are received back into the factory on account of , not needed presently, rejected, etc.. As per Rule 16 of Central Excise Rules 2002, the Cenvat credit of excise duty paid on such goods returned can be avai

Interest allowable on refund of pre-deposits

Posted by Bimal Jain 11 October 2014 13063 Views

Dear Professional Colleague,Interest allowable on refund of pre-depositsWe are sharing with you an important judgment of Honble Delhi High Court in the case of Afcons Infrastructure Ltd. Vs. Union of India [(2014) 49 taxmann.com 79 (Delhi)] on

Pre-deposit of penalty for appeals before CCE (App)/ CESTAT

Posted by Manoj BG 18 September 2014 31913 Views

Finance Act 2014 announces mandatory 7.5% / 10% pre-deposit of penalty for all appeal to Commissioner (Appeals)/CESTAT respectively, creating confusion in minds of assessee's as to whether assessee need to deposit 17.5% for filing appeal at CESTA

Clarification on amended appeal provisions under IDT

Posted by Sumit Grover 17 September 2014 12438 Views

Since enactment of Finance(no. 2) Act, 2014, various ambiguities arose regarding the concept of mandatory pre-deposit of 7.5%/10% at the time of filing appeal before CCE(A) and CESTAT, as the case may be, under section 35F of Central Excise Act, 1944

Cenvat credit on defective Goods return back to the factory

Posted by Bimal Jain 08 September 2014 19138 Views

Dear professional Colleagues We are sharing with you an important judgment of the Honble High Court of Bombay in the case of Commissioner of Central Excise, Meerut - I Vs. Bhushan Steel & Strips Ltd [(2014) 47 taxmann.com 253 (Allahabad)]

Cenvat credit on safety shoes, gloves and helmets used in factory

Posted by Santhosh kumar 05 September 2014 21843 Views

IntroductionThe primary aim of the Cenvat credit is to avoid the cascading effect and ensure no break in the Cenvat chain. With this objective, whole analysis of categorizing th