The hike will not be applicable for the stock in existence at 16th march 2012 because excise is applicable on manufacturing of products though it is paid at the time of clearance. Yearwise index of main notifications in force as on 17. Buy central excise law manual 201617 book online at low price in india on. Central excise law manual 201718, by r k jain, 9788175885257. Minutes of the macp screening committee meeting held on.
Latest indian central excise, cenvat credit rules, tariff, acts. The standard rate of central excise duty for nonpetroleum products has been enhanced from 10% to 12% ad valorem. Central excise law manual 201617 buy online now at jain. Central excise manual chapter 1 parti, introduction, an overview of central excise, chapter2 parti registration and ecc number, new excise control code ecc number, chapter3 assessment classification valuation provisional assessment, classification, valuation, provisionalassessment, manner of payment of duty and account current, scrutiny of assessment, chapter 4 invoice system, transhipment. Central excise rules 2002 as amended by notification no.
Budget speech 2012, budget highlights 2012, budget 2012, india budget 2012. Central excise act, 1944 1 of 1944 and in supersession of i notification of the. In exercise of the powers conferred by subsection 1 of section 5a of the central excise act, 1944 1 of 1944 and in supersession of i notification of the government of india in the ministry of finance department. Date of applicability of changes in excise and custom rates. Finance act, 1989 of 1989 from section 40 to 49 inland air travel tax. Food preparations containing fruits and vegetables falling under chapter 20, which are prepared and served in a hotel, restaurant or retail outlet whether or not such food is consumed in such hotel, restaurant or retail outlet is being fully exempted from basic excise duty. The statutory or tariff rate of central excise is being reduced to 12% for nonpetroleum goods other than those which are exempt, or at higher duty and for petroleum goods, the statutory ad valorem duty or the ad valorem component on products having composite rate is also being reduced to 14%. Quantities of excisable products and excise liabilities, 201011 and 201112 financial years.
Central excise practice manual tax management india. In exercise of the powers conferred by rule 15 of the central excise rules, 2002, and in supersession of the notification of the government of india in the. Central sales tax, 1956, which imposes sales tax on goods sold in interstate trade or commerce in indisale of property situated within the state. Central excise duty is an indirect tax levied on those goods which are manufactured in india and are meant for home consumption. Cestat ruling central excise 2017tiol2792cestatdel kakateeya fabs pvt ltd vs cce d ated. The 2012 atletico madrid season was the 82nd season in the clubs history. Budget 2012 important changes in central excise duty. Normally, depending upon the age of the inventory, a portion of the. Annexure cenvat annual return of information relating.
Jain book agency, delhi based book store for all your books related needs. March 1, 2016 in exercise of the powers conferred by section 37 of the central excise act, 1944 1 of 1944 and in supersession of the central excise no. Subsequently, during the restructuring of the commissionerates, the present bangalore central excise zone came into existence w. Show cause notice, adjudication, appeals, advance ruling, settlement commission etc. Commissioner of central excise vs the on february, 20.
Are2 application for removal of excisable goods2 5. Some important forms, due dates and frequency thereof. In exercise of the powers conferred by section 37 of the central excise act, 1944 1 of 1944 and section 94 of the finance act, 1994 32 of 1994, the central government, hereby makes the following rules further to. Documents for central excise clearance your article library. Central excise act, 1944, which imposes a duty of excise on goods manufactured or produced in india. Containing the entire spectrum of central excise law act, rules, regulations, forms, etc. July 5, 2017 cx the main appellant got a work order dated 15. E in exercise of the powers conferred by rule 12 of the central excise rules, 2002 and subrule 7 of rule 9 of the cenvat credit rules, 2004, the central board of excise. Buy central excise law manual 201718 book online at low price in india on. Central excise duties introduction central excise duty. The taxable event is manufacture and the liability of central excise duty arises as soon as the goods are manufactured. Displaying categorized search results for central excise manual advance search news. Consequently, all imported mobile handsets shall attract 6% cvd sl. Central gst, ahmedabad south central excise, ahmedabad.
In exercise of the powers conferred by subsection 1 of section 5a of the central excise act, 1944 1 of 1944, the central government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in. Excise sros national board of revenue nbr, bangladesh. Central excise act, 1944 was enacted on 24th february, 1944 by amalgamating 16 legislations governing taxation on various commodities. Chapterpartiiiinterestpenalityconfiscationdutypaymentunderprotest. This article throws light upon the seven important documents for central excise clearance. Referencer customs central excise service tax central. The central excise tariff act, 1985 5 of 1986 general rules for interpretation of the schedule to the central excise tariff act, 1985. Rapid revision on central excise my thoughts on gst. Central board of excise and customs cbec is a part of the department of revenue under the ministry of finance, government of india. The use of iron ore as mined or iron ore after the process.
Central excise manual chapter 1 parti, introduction, an overview of central excise, chapter2 parti registration and ecc number, new excise control code ecc number, chapter3 assessment classification valuation provisional assessment, classification, valuation, provisionalassessment, manner of payment of duty and account current, scrutiny of assessment, chapter 4. Central excise, ahmedabad, however, by his order dated 29. Eximkey india dgft, customs, excise, export import policy. General explanatory notes and additional notes additional duties of excise goods of special importance act, 1957 58 of 1957. Exemption of excise duty on the deposit of accounts of farmer opened for tk. Central excise, rules, tariff, acts, notifications, manual. Nontarrif central excise circulars central excise instruction central excise manual.
Commodities liable to central excise duties are listed in the schedule to the central excise tariff act. General rules for interpretation of the schedule to the central excise tariff act, 1985. Sports promotion central excise, customs and service tax. Career progression scheme for group b officer working under cbec reg. Central excise, customs and service tax official website of cochin commissionenrate. The duty will be 6% if cenvat benefit is availed of. Are1 application for removal of excisable goods 1 4. Disallowance u s 40 ai failure to deduct tds for the ay 2012 ao is directed to allow the deduction of expenses on being satisfied that the tax has been deducted and paid during the previous year relating to ay 204 15 towards expenses in controversy.
Central board of excise and customs, the governing body for. Tiol tax news, gst, income tax, service tax, customs. Disallowance us 40 ai failure to deduct tds for the. Home list manuals central excise manual central excise practice manual this central excise practice manual. Central excise manual chapter 1 parti, introduction, an overview of central excise, chapter2 parti registration and ecc number, new excise control. Central excise, rules, tariff, acts, notifications, manual, circular. Prudent accounting principles require that the value of slow moving non moving inventory of raw materials should be written off in the books of accounts, so as to reflect the fair and true results of operations. Central excise duties are levied by the union government on commodities manufactured or produced within the country and consumed within the country, as against the state excise duties which are levied on alcoholic drinks, opium, etc. India new budget 2012 online export import data search select period last day last week last month last year last 7 days last 30 days janmar 2016 janmar 2014 janmar 2015 custom. Added tax vat cenvat credit rules, 2004 central excise and service tax exemptions central excise and service tax procedures customs act, 1962 common areas in indirect tax laws i. In exercise of the powers conferred by subsection 1 of section 5a of the central excise act, 1944 1 of 1944, the central government, on being satisfied that it is necessary in the public interest. The bangalore central excise zone with jurisdiction over the state of karnataka and kerala came into existence on 01.
1017 1050 80 197 204 749 734 717 15 1171 742 812 68 1303 563 1439 1475 131 769 261 1289 214 866 55 586 259 602 1247 1357 321 897 209