Excise Articles

Rule 3 (5b) of Cenvat Credit Rules ... Post Budget 2011

Manoj Pala 28 July 2011 at 12:46

Notwithstanding the technicality of the law viz: the point of discussion Provision for write of inventory, we opine that in the subject matter the spirit of the law in principle might prevails over the technicality of the law and which

Excise Audit - Points to be noted

Member (Account Deleted) 29 June 2011 at 14:15

Simple single dozen steps before starting the Excise audit: 1. Understand the client Business with system support on business transaction 2. Some ERP may not support all the requirements of Excise data i.e. Oracle 11i may not support the

Credit of Service Tax Pain in Case of Goods Transport Agency

praveen 25 May 2011 at 11:32

CREDIT OF SERVICE TAX PAID IN CASE OF GOODS TRANSPORT AGENCY It is a well known fact that Goods Transport Ag

Every Assessee is Prone to Default in Filing ER-5 And ER-6

P.Bashista 20 May 2011 at 12:28

As per Rule 12(1) of the Central Excise Rules an assessee who is registered with the Central Excise department is mandate to file the ER-1 periodically. Though, every registered assessee is not mandate to file ER-5 and ER-6. ER-5 and ER-6 is to be f

Central Excise Made Simple

Madhukar N Hiregange 14 April 2011 at 13:01

Manufacture also constitutes a major part of the economic activity of our country. The Central Government had also realised that unless this sector is nurtured, there would be no inclusive growth. The vast unemployed population of the country mainly

Sec. 11A - Branches opened for invoking extended time limit

Pradeep Jain 07 March 2011 at 11:10

Section 11A-Branches opened for invocation of extended time limit Prepared By: CA Pradeep Jain, CA Preeti Parihar and CA Rajani Thanvi INTRODUCTION:- The section 11A of the Central Excise Act, 1944 plays a vital role in collection of

1% Levy- How to Comply?

Madhukar N Hiregange 05 March 2011 at 12:27

New Products under Central Excise Levy 1.3.2011 Madhukar N Hiregange FCA The Finance Minister as a move towards GST to be implemented by 2012 took a step in removing the exemption regime by levying duty on 130 items out of 370 where VAT is

Branded Garments - Compliance Under Central Excise

Madhukar N Hiregange 05 March 2011 at 12:27

Branded Garments / Made Up Articles- Impact of Central Excise - Madhukar N Hiregange FCA Garments manufacturers were under the Central Excise levy in 2003. In 2004 the option either to pay duty by availing CENVAT Credit or claim full exempti

Section 11E - A Welcome Step

Pradeep Jain 04 March 2011 at 11:48

SECTION 11E A WELCOME STEP Prepared By: CA Pradeep Jain, CA Preeti Parihar Jitesh Bhandari In the Budget 2011-12 introduced on 28.2.2011, a New Section 11E has been inserted in the Central Excise Act, 1944. This section is inserted to

Branded Goods-Stitched to Excise Duty

Pradeep Jain 03 March 2011 at 15:21

BRANDED GOODS STITCHED TO EXCISE DUTY Prepared By: CA.Pradeep Jain CA. Preeti parihar CA. Ridhi Anchalia Introduction:- Major amendments have been brought in Ready made garments and made-up articles through the budget 2011-12. These g