Excise Articles

Finance Bill passed with amendments in pre-deposit provisions

Posted by Sushil Kr Goyal 29 July 2014 7291 Views

Budget 2014 proposed to introduce a new section, Section 35F to Central Excise Act 1994, to prescribe a mandatory fixed pre-deposit in case of Appeals. The proposal has been passed by the Lok Sabha on 25.07.2014 with certain changes and after changes

To cut a long story short - excise duty not leviable on subsidy given to Fertilizers

Posted by Pradeep Jain 24 July 2014 5839 Views

Introduction:- Providing the food grains at affordable prices to the public at large is the key policy of any government. Effective production of food grains is not possible without the fertilizers. A fertilizer is a chemical or natural substance add

Stock Transfer Under Central Excise

Posted by Annu Agarwal 22 July 2014 37812 Views

Issue discussed: Stock Transfer By Registered Dealer Under Central ExciseThere have always been different views as to the consequence of Stock Transfer by Dealer under Central Excise. Some have the opinion that there is a change in stage i.e. from Fi

Bolt from the Blue in the Union Budget - Indirect Taxes

Posted by RENGARAJ R.K 17 July 2014 10868 Views

The much awaited Union Budget for the year 2014-15 has been presented by the Finance Minister, Mr Arun Jaitely in the Parliament. Though there is no chang

Major highlights in Central Excise and Service Tax

Posted by Arun Kumar Singh 12 July 2014 12622 Views

The honble Minister of Finance presented union finance budget for the Financial Year 2014-15. Key changes are enumerated below;CENTRAL EXCISE: - An additional duty of excise is being levied at the rate of 5% ad valorem on waters, including aer

Mandatory Fixed Pre-Deposit: A sign of relief to Appellants?

Posted by Pradeep Jain 11 July 2014 5928 Views

INTRODUCTION:- Filing of appeal is a mechanism available to the assessees who are aggrieved by the orders passed by the adjudicating authority or the higher appellate authorities.

CBEC seeks adherence to judicial discipline in refund cases

Posted by Bimal Jain 05 July 2014 7353 Views

CBEC seeks adherence to judicial discipline in the matter of refundsThe Central Board of Excise & Customs (the CBEC) has issued Instruction F. No. 201/01/2014-CX.6 dated June 26, 2014 (the Instruction) for all the Comm

Excise duty cut for Auto, CG, etc., extended upto Dec, 2014

Posted by Bimal Jain 27 June 2014 10662 Views

Excise duty cut for Auto, Capital goods, Consumer durables extended till Dec 31, 2014In the Interim Union Budget 2014 on 17th February, 2014, the Government had reduced the Excise duty on: Small cars, motorcycles, scooters, three wheelers and c

Utilisation of Cenvat Credit For Education Cess Payment

Posted by CA. SRIKANTHA RAO T 04 April 2014 39308 Views

UTILISATION OF CENVAT CREDIT FOR EDUCATION CESS PAYMENT A MANUFACTURERS PERSPECTIVEBy CA Srikantha Rao T The introduction of Cenvat Credit Rules 2004 which facilitated cross utilization of credits in terms of Service Tax on input servi

Importers issuing Cenvatable invoices requires CE Reg.

Posted by Bimal Jain 06 March 2014 14946 Views

Dear Professional Colleague,Importers issuing Cenvatable invoices require registration under Central Excise & consequential amendments Background:Rule 9 of the Central Excise Rules, 2002 (the Excise Rules) provides the list of pers