Excise Articles

CAS - 4 and Rule 8 of Central Excise Valuation

Posted by Ayyswariya RG 08 January 2014 146448 Views

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

Posted by CA. K S Chauhan 26 December 2013 28266 Views

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

Posted by Saurabh Maheshwari 16 December 2013 70658 Views

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

Posted by Saurabh Maheshwari 23 November 2013 59083 Views

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

Cenvat not to be denied on mere non payment by Supplier

Posted by Bimal Jain 07 September 2013 11271 Views

Dear Professional Colleague, Assessee not expected to verify with Department in order to avail Ce

EJUSDEM GENERIS in taxation matters

Posted by RENGARAJ R.K 04 September 2013 21131 Views

PRINCIPLES OF EJUSDEM GENERIS- NOSCITUR A SOCIIS IN TAXATION LAWS Introduction: Ejusdem generis is a latin maxim which means that where there is a list of words in a statute followed by

Assessee can't be forced to avail particular Exemption Notification

Posted by Bimal Jain 01 August 2013 10614 Views

The Department cant force assessee to avail a particular exemption Notification when benefit of other exemption Notification is available An important judgement of the Honble CESTAT, New Delhi in the case of M/s Winsome Yarns Ltd. Ver

Cenvat credit cannot be denied on inputs used in a process not considered as manufacture

Posted by Bimal Jain 27 June 2013 14331 Views

We are sharing with you an important judgement of the Honble Customs, Excise and Service Tax Appellate Tribunal of Bangalore (the CESTAT) i

No third time cess payable on DTA clearances from EOU to DTA

Posted by Bimal Jain 22 April 2013 21301 Views

No third time cess payable on DTA clearances from EOU to DTA The Larger Bench of the Honble Tribunal has held that no third time cess is payable on clearance from an Export Oriented Unit (EOU) to the Domestic Tariff Area Unit (

Provision for Inventory

Posted by kartik_somu 22 April 2013 43640 Views

Write down and do not write off Inventory Review of the Rule 3(5B) of Cenvat Credit Rules, 2004 Change of models, customer requirements, change of processes, poor inventory management can increase a businesss o