Menu
Difference between rule and section in central exise
Replies (2)
Dear Mahesh In India, different types of Acts have been framed to regulate a particular type of tax/duty.
e.g. Income Tax is governed by Income Tax Law. Income Tax law contains Income tax Act, 1961 as well as Income Tax rules. For Income Tax the relevance of Rules is very less as Income Tax Act itself is very wide and contains most of the part. Income Tax rules are also there for procedural part. As Rule 12(2) is there for tax audit.
Excise duty is governed by Central Excise Law. Now Central Excise law contains:
(a) Central Excise Act, 1944
(b) Central Excise Rules, 2002
(c) Cenvat Credit Rules, 2004
(d) Central Excise (Appeal) Rules, 2001
(e)Central Excise (Advance Rulings) Rules, 2002.
(f) Central Excise (Settlement of Cases) Rules, 2007.
(g) Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture ofExcisable Goods) Rules, 2001
(h) Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000
(i)Central Excise (Compounding of Offences) Rules 2005
(j) Central Excise (Determination of Retails Sale price of Excisable Goods) Rules 2008
(i) Central Excise Tariff Act, 1985
In Central Excise Law the Central Excise Act is very small and does not contain everything. Therefore there are rules for every segment.
Thank you vary mush Pawan Sir
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
