Excise Articles

Major highlights in Central Excise and Service Tax

Arun Kumar Singh 12 July 2014 at 11:08

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?

Pradeep Jain 11 July 2014 at 11:58

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

Bimal Jain 05 July 2014 at 13:22

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

Bimal Jain 27 June 2014 at 13:06

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

CA. SRIKANTHA RAO T 04 April 2014 at 11:42

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.

Bimal Jain 06 March 2014 at 12:59

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

CAS - 4 and Rule 8 of Central Excise Valuation

Ayyswariya RG 08 January 2014 at 12:46

Hi all, This article is going to be on CAS-4 (Cost Accounting Standard 4) issued by the Council of the Institute of Cost and Works Accountants of India along with the Guidelines on cost of production for captive consumption (Under Rule 8 of the Centr

Taxability of 'Ready Mix Concrete' & 'Concrete Mix' under Excise & Service Tax

CA. K S Chauhan 26 December 2013 at 12:47

Now-a-days, real estate industry is in boom phase and flat/apartment culture is picking pace due to economy, comfort, security and liquidity

Cenvat Credit Rules from scratch Part-3

Saurabh Maheshwari 16 December 2013 at 12:27

Q-1 Describe the following terms:(a) First & Second stage dealers(b) Input Service distributor(c) Input credit distributor Ans-1(a) First & Second stage dealer:--First stage dealer means a person buying goods directly from manufacturer/import

Cenvat Credit Rules from scratch Part-2

Saurabh Maheshwari 23 November 2013 at 13:46

Hello friends, Greetings of the day to you all!!In continuation with the previous article the next part is ready .so lets begin discussing the remaining topics.. The link for first part Q-1 What are the timing, manner a