Excise Articles

Advantages to a jeweller for registering under excise

SHILPA GUPTA 23 May 2016 at 10:40

Union budget 2016-17 has introduced levy of excise duty on making of jewellery. With the levy, jewellers feared that the �Inspector rajya� would be back and this fear led to a widespread outrage among the jewellers for non acceptance of l

Limitation in case of recovery of interest on delayed payment of central excise duty

R.P.Singh 12 May 2016 at 10:33

The judicial precedent always plays vital role to clarify the law particularly when statute is not clear cut in regard to any issue. There is the same situation in the case of demand of interest on delayed payment of Central Excise Duty. The Central

Clarification on some issues on excise on jewellery

CA Darshan 05 April 2016 at 11:02

The scheme of levy and collection of Central Excise duty on articles of Jewellery is as under:(a) The levy and collection of Central Excise Duty is on the manufacture of Jewellery (excluding silver Jewellery, not studded with diamonds, ruby, emerald

Central Excise on Jewellery: Whether fears are real?

Ashish Chaudhary 01 April 2016 at 11:00

BackgroundExcise Duty has been imposed on the article of jewellery in the Union Budget 2016-17. There has been protest by trade fearing the nuisances of excise. There fear is not without justifiable reasons

Registration under excise by jeweller: A thoughtful decision

Ashish Chaudhary 28 March 2016 at 11:40

BackgroundRegistration with tax authorities is first step for any assessee to make compliance with the law and similar is the case for jewelers who have been brought within excise ambit in Budget 2016-17. But it

Professional Opportunity - Central Excise - Jewellery

Madhukar N Hiregange 26 March 2016 at 12:11

The new assessee engaged in manufacture of jewellery may find it difficult to cope with compliance requirements under Central Excise law. The liability starts from 1st March 2016 though some procedural relaxations provided to the Jewellery segment.T

No rollback of 1% excise on gold

CA Neha Gupta 17 March 2016 at 10:58

The Union Finance Minister, Arun Jaitley straightaway stood firm on 1 % Excise duty proposed on non silver jewellery in Budget 2016-17.While replying in the debate discussions held in the Lok Sabha on 14 March, 2016,

Excise Duty on Textile Sector: Increased cost and Compliance Burden

Ashish Chaudhary 12 March 2016 at 12:08

Textile has been subjected to duty of excise at different point of time. In 2004, exemption was granted on textile articles falling unde

Exemption to Ready Mix Concrete - A Great Relief to Construction Industry

CS Priyanka Gupta 09 March 2016 at 11:13

Taxability of Ready Mix Concrete, now a days has gathered a great impetus, due to various investigations and show cause notices being raised by the excise department to collect excise duty applicable to RMC from various construction industri

Cenvat credit admissible on services of sales commission agent

Bimal Jain 15 February 2016 at 10:47

Cenvat credit admissible on services of sales commission agentBackground:Even though the definition of �input services� given under Rule 2(l) of the Cenvat Credit Rules, 2004 (�the Credit Rules�) covers the services of sales p