Excise Articles

Section 35-F of central excise act, 1944

Prabhat Kumar 10 July 2015 at 10:50

Law has always been a dynamic subject and so is the interpretation of law. Section 35F of the Central Excise Acts provides deposit of “certain percentage of duty demanded or penalty imposed before filing of the appeal”. Earlier in this se

Manufacture under Central Excise Act

CMA Poornima Madhava 08 July 2015 at 10:32

The term manufacture refers to a process involving the conversion of an input into a completely different output.As per section 2(f) of Central Excise Act, 1944 (CEA), manufacture includes any process: Incidental or ancillary to the completion of a m

CBEC specifies conditions and safeguards for issuing digitally signed invoices and maintaining e-records

Bimal Jain 08 July 2015 at 10:30

Dear Professional Colleague,CBEC specifies conditions and safeguards for issuing digitally signed invoices and maintaining e-recordsBackground:The Service Tax Rules, 1994 (�the Service Tax Rules�) were amended vide Notification No. 5/2015

CBEC clarifies - Dealer Registration not mandatory for transit sale

Bimal Jain 08 May 2015 at 10:32

Background: Vide Notification No. 8/2015-C.E. (N.T.), dated March 1, 2015, the following provisos were added to Rule 11(2) of the Central Excise Rules, 2002 (�the Excise Rules�) "Provided also that if the goods are sent directly to a

Credit of Education Cess & SHEC can be used for payment of Excise Duty by Manufacturers

Bimal Jain 04 May 2015 at 11:29

Credit of Education Cess & SHEC can be used for payment of Excise Duty by Manufacturers and Gist of Other important Notifications - LS passed Finance Bill, 2015 The Lok Sabha passed the Finance Bill, 2015 which includes various tax proposals pres

Unutilised Cess lying as on 28th Feb

Anandaday Misshra, Advocate 04 May 2015 at 10:09

The Notification No. 12/2015-C.E(N.T) has created a havoc in the industry as to what to do with the unutilized Cess lying as on 28.02.2015 i.e before 01.03.2015. Before attempting on this issue, I must share that the sole intention behind issuance o

CBEC clarifies - Clearance from DTA to SEZ is Export and eligible for rebate of duty

Bimal Jain 01 May 2015 at 10:27

Dear Professional Colleague, CBEC clarifies - Clearance from DTA to SEZ is Export and eligible for rebate of duty Background: In the Union Budget, 2015 vide Notification No. 06/2015-C.E. (N.T.) dated March 1, 2015 (Effective from March 1, 2015), E

Excise Audits

CMA Poornima Madhava 23 April 2015 at 10:25

Goods are removed by the assessee under self-removal system (except in case of cigarettes). Further, Excise department do not verify the returns filed by the assessee and hence there is a need for audit of assessee to ensure that there are no revenue

Recovery without SCN constitutionally valid?

Pradeep Jain 11 March 2015 at 10:21

MISTAKE IN DECLARING LIABILITY WILL LEAD TO RECOVERY WITHOUT SCNOrRECOVERY WITHOUT SCN-CONSTITUTIONALLY VALID? Introduction:- This article is an attempt to analyse the impact of amendment made in section 11A of the Central Excise Act, 1944 and sectio

Change in MRP based valuation in Central Excise

CA. Dau Daga 07 March 2015 at 18:28

Amendments in Third Schedule to the Central Excise Act, 1944 In budget, 2015 there is some change in notification no 49/2008-C.E. (N.T.), dated 24-12-2008 vide notification no 3/2015-C.E. (N.T.) clause 103 of the finance Bill, 2015:- By virtue of dec