Excise News

POS Devices exempted from Central Excise Duty till 31st March

30 November 2016 at 10:42

Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017. The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016.

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Revised Monetary Limits for adjudication of Show Cause Notice in Central Excise and Service Tax

30 September 2016 at 10:48

Circular No. 1049/37/2016-CX F. NO. 267/40/2016-CX.8 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS New Delhi, dated the 29thSeptember, 2016 To,All principal Chief Commissioners/Chief Commissioners o

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CBEC takes Litigation Management and Dispute Resolution measures

26 April 2016 at 11:27

CBEC takes Litigation Management and Dispute Resolution measures; Field formations file applications for withdrawal in 980 and 2174 cases in High Courts and CESTAT respectively as per the new threshold monetary limits prescribed; Out of this, High Co

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Govt constitutes committee on issues related to excise duty on jewellery

22 March 2016 at 11:14

Government constitutes a Sub-Committee under the aegis of the High Level Committee (HLC) on issues related to excise duty on different articles of jewellery imposed in Budget 2016-17; Committee to submit its Report within sixty days In the Union Bud

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CBEC revises limit of arrest and prosecution to 1 crore

24 October 2015 at 11:20

Central Board of Excise and Customs revises limit for arrest and prosecution substantially upwards ; In cases of outright smuggling or mis-declaration of baggage, the limits regarding value of offending goods have been revised from Rs. 5 lakh to Rs.

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Indirect tax revenue jumps by 32.6 percent

10 October 2015 at 10:50

Indirect Tax Revenue (Provisional) Collections Increase to Rs. 61,284 crore in September 2015 from Rs. 46,224 crore in Spetember 2014 ; Thus an Increase of 32.6% has been Registered in Collections During September 2015 over the Corresponding Period i

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Conditions for digitally signed invoices in excise and service tax

07 July 2015 at 10:43

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and Customs NotificationNo. 18/2015-Central Excise (N.T.) New Delhi, the 6th July, 2015 G.S.R. (E).____In pursuance of sub-rule (5) of rule 10 and sub-rule (9) of rul

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Initiatives to Facilitate Trade and Encourage Non-Adversarial Tax Administration

08 November 2014 at 11:12

In the Budget 2014 Honble Finance Minister had announced certain initiatives to facilitate trade and cut trade transaction costs. It is the endeavor of the Indirect Tax administration to facilitate the trade and industry in discharging their t

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Splitting up of rebate claims to avoid pre-audit-reg

04 November 2014 at 10:35

F. No. 206/05/2014-CX.6Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise & CustomsDt: 03.11.2014 ToThe Chief Commissioners of Central Excise (All) Sub: Splitting up of rebate claims to avoid pre-audit-reg.

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Regarding audit by officers of Central Excise

10 October 2014 at 10:31

Circular No. 986/ 10/ 2014-CXdated 09.10.2014 F. No. 206/10/2014-CX.6GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF EXCISE AND CUSTOMS ToThe Chief Commissioners of Central Excise (All) Sub: Audit by officers of Central Ex

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