How to start studying central excise in ca final

Final 2472 views 5 replies

I shall be appearing for my ca final in may 2013. Can anyone suggest me how I shall proceed serially with central excise in idt? Its very urgent . Please help.  

Replies (5)
you shoul start central excise preparation from basic chapters only but t the end most important is that you thoroughly read amendments for your attempt because limits and percentages change frequently in central excise and if you remember what you are reading in text then no need to do any scanners only rtps would be sufficient.

Firstly u should read thorughly the Central Excise and then revise the Case lAws and amendments from RTP

From exam point of view, order of priority

  1. Amendments
  2. Case laws
  3. Numerical problems (compulsory question 25 marks, 2 from excise, each from customs, VAT, ST)
  4. RTPs of last 2 or 3 attempts

 

Firstly, make up your mind as to which book you will be referring as the main text. In this regard, the important resources, which must be at your disposal, should be:

1. Supplementary Study Material of Direct and Indirect Taxes of Final Course issued by ICAI.

2. Select Cases in Direct and Indirect Tax Laws - An essential reading for Final Course issued by ICAI.

3. Latest ICAI Practice Manual - A Y 2013-2014.

4. Revision Test paper for May 2013 Examination.

5. The Main textbook selected as the base for your entire reading (select only one book - most preferred is Bangar).

There is no particular sequence you have to follow but be judicious in application of your mind on the priorities.

Now, you should draw up a schedule and ensure that you are able to devote daily few hours on this paper.

 

Specific tips in case if you are referring Bangar Book:

At the time of preparation, make your own concise but complete notes, which will be handy at the time of revision as well a day before examination. Segregate your notes into various parts, viz,

1. Main provision of the Act (observe carefully the number of times a particular question has appeared in the examination)

2. Amendments

3. Values, applicable rates, dates (prepare a chart and revise it at regular interval)

3. Formulas / Formats for solving Numerical problems

4. Case laws, circulars and notifications (including some landmark judgments)

Here’s wishing you best of luck.

Regards

Sathish

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