Excise Articles

Excise and Service tax Audit in Manufacturing Industry-Ticklish things

CA S.SAIRAM 18 December 2010 at 11:59

Our Audit performance (whatever the area may be) hinges on effective maintenance of records and documents otherwise the audit team is sure to take us for a ride. Not only this, the accounting department also has to have a good presence of mind as reg

Draft Scheme of "On Site Audit" in context of Post Clearance

Pradeep Jain 23 November 2010 at 12:35

Draft Scheme of On Site Audit in context of Post Clearance Audit (PCA) for Imports Prepared By: CA Pradeep Jain, CA Preeti Parihar and Sukhvinder Kaur, LLB [FYIC] INTRODUCTION: A good beginning makes a good end.

Customs - Warehousing Procedures

Parth - CA,CS,CMA 20 October 2010 at 13:06

Public Warehouses: Public Warehouses are appointed by the Asst./Dept. Commissioner at the customs stations. Goods imported by any importer can be stored there. Private Warehouses: Licensed by the Asst./Dept. Commi

Duty Drawback - Customs Act,1962

CA S.SAIRAM 16 July 2010 at 12:59

DUTY DRAWBACK - CUSTOMS ACT, 1962 Duty Drawback is governed by a couple of sections in the Customs Act, 1962 namely Sec.74 and Sec.75. The common intention is apparently to refund the import duty borne by the importer on exporting the goods. One (Se

Are these Statustory due dates really painful?

CA S.SAIRAM 05 July 2010 at 14:29

ARE THESE STATUTORY DUE DATES REALLY PAINFUL? Our Government’s bonhomie towards taxpayer with respect to Tax compliance is generally felt very less by many of us. There are numerable due dates for reporting and payment of taxes and duties. T

Central Excise -A guide to Assessees

Member (Account Deleted) 30 June 2010 at 12:54

Central Excise duty is an indirect tax which is levied and collected on the goods/commodities manufactured in India.

Compound levy on SS Patta/Patti units: Controversy continues

Pradeep Jain 30 June 2010 at 12:49

Compound levy on SS Patta/Patti units: Controversy continues Prepared By: CA Pradeep Jain, Sukhvinder Kaur, LLB [FYIC] Introduction: The issue involved in this piece was dealt by us in an earlier article titled “Controversy on Educati

Efiling return of Excise & service tax

Ram Avtar Singh 14 June 2010 at 11:53

What is ACES - ACES stands for Automation of Central Excise and Service Tax. It is a centralized, web based software application which automates various processes of Central Excise and Service Tax for assessees and department, and gives complete end

Packing the dispute of branded goods on packing material

Pradeep Jain 10 June 2010 at 12:20

Packing the dispute of branded goods on packing material Prepared By:- CA. Pradeep Jain, Sukhvinder Kaur LLB[FYIC] And CA Ridhi Anchalia Introduction: - There are already two articles published on our website www.capradeepjain.com on this is

Cenvat credit on building material: - Tax Expert or Jyotishi

Pradeep Jain 10 June 2010 at 12:18

Prepared By: -CA Pradeep Jain,Sukhvinder Kaur, LLB[FYIC]CA Ridhi Anchalia visit us at : www.capradeepjain.com Introduction: - This is most interesting remark we got on our article “Amendment on Cenvat on building material: Far from solutions&r