Excise Articles

Interest allowable on refund of pre-deposits

Bimal Jain 11 October 2014 at 10:48

Dear Professional Colleague,Interest allowable on refund of pre-depositsWe are sharing with you an important judgment of Honble Delhi High Court in the case of Afcons Infrastructure Ltd. Vs. Union of India [(2014) 49 taxmann.com 79 (Delhi)] on

Pre-deposit of penalty for appeals before CCE (App)/ CESTAT

Manoj BG 18 September 2014 at 12:24

Finance Act 2014 announces mandatory 7.5% / 10% pre-deposit of penalty for all appeal to Commissioner (Appeals)/CESTAT respectively, creating confusion in minds of assessee's as to whether assessee need to deposit 17.5% for filing appeal at CESTA

Clarification on amended appeal provisions under IDT

Sumit Grover 17 September 2014 at 12:09

Since enactment of Finance(no. 2) Act, 2014, various ambiguities arose regarding the concept of mandatory pre-deposit of 7.5%/10% at the time of filing appeal before CCE(A) and CESTAT, as the case may be, under section 35F of Central Excise Act, 1944

Cenvat credit on defective Goods return back to the factory

Bimal Jain 08 September 2014 at 11:03

Dear professional Colleagues We are sharing with you an important judgment of the Honble High Court of Bombay in the case of Commissioner of Central Excise, Meerut - I Vs. Bhushan Steel & Strips Ltd [(2014) 47 taxmann.com 253 (Allahabad)]

Cenvat credit on safety shoes, gloves and helmets used in factory

Santhosh kumar 05 September 2014 at 10:48

IntroductionThe primary aim of the Cenvat credit is to avoid the cascading effect and ensure no break in the Cenvat chain. With this objective, whole analysis of categorizing th

Finance Bill passed with amendments in pre-deposit provisions

Sushil Kr Goyal 29 July 2014 at 12:12

Budget 2014 proposed to introduce a new section, Section 35F to Central Excise Act 1994, to prescribe a mandatory fixed pre-deposit in case of Appeals. The proposal has been passed by the Lok Sabha on 25.07.2014 with certain changes and after changes

To cut a long story short - excise duty not leviable on subsidy given to Fertilizers

Pradeep Jain 24 July 2014 at 11:47

Introduction:- Providing the food grains at affordable prices to the public at large is the key policy of any government. Effective production of food grains is not possible without the fertilizers. A fertilizer is a chemical or natural substance add

Stock Transfer Under Central Excise

Annu Agarwal 22 July 2014 at 16:48

Issue discussed: Stock Transfer By Registered Dealer Under Central ExciseThere have always been different views as to the consequence of Stock Transfer by Dealer under Central Excise. Some have the opinion that there is a change in stage i.e. from Fi

Bolt from the Blue in the Union Budget - Indirect Taxes

RENGARAJ R.K 17 July 2014 at 15:48

The much awaited Union Budget for the year 2014-15 has been presented by the Finance Minister, Mr Arun Jaitely in the Parliament. Though there is no chang

Major highlights in Central Excise and Service Tax

Arun Kumar Singh 12 July 2014 at 11:08

The honble Minister of Finance presented union finance budget for the Financial Year 2014-15. Key changes are enumerated below;CENTRAL EXCISE: - An additional duty of excise is being levied at the rate of 5% ad valorem on waters, including aer