Important questions for ca final idt nov 2012 by mukesh sir

A final friends, importance for CA final nov 12 indirect tax are as follows. Please don't focus only on 50 questions but pay more attention on such 50 questions.

Importance for CA Final November 2012 
Professor Mukesh chhangani 
EXCISE AND CENVAT
1. Explain the concept of taxable event and significance of date of removal of goods in case of excise duty.
2. Practical question on Small scale industries (5 marks).
3. Relabeling and repacking of helium gas in small cylinders makes it marketable and hence is deemed manufacturing (Air liquid north india pvt ltd 2011 SC).
4. Surgical cleansing solution are used mostly for medical purposes, though used in detergents also. The primary use and composition is medicinal hence it should be classified as medicament. Wockhardt life sciences ltd 2012 (sc).
5. How to classify parts and accessories.
6. When will the transaction value be treated as assessable value in case of excise.
7. Explain rule 4 (valuation of samples) in case of excise valuation rules.
8. What is valuation audit in case of excise.
9. Tailor made pacing machines are marketable only if customer requirements are met and testing is done. Manufacture is complete only after testing is complete(PMT). Hence inputs for testing eligible for cenvat credit. (Flex engineering 2012 SC).
10. Define capital goods Rule 2(a) of cenvat credit rules. Vvv imp
11. Define exempted goods as per cenvat credir rules.
12. Is service tax paid during import of services (Reverse charge) eligible for cenvat credit?
13. How duty is payable in case of removal of capital goods as scrap?
14. Explain maximum refund allowed of cenvat credit in case of export of goods. { Answer: (export TO/total TO) x cenvat credit).} vvv imp
15. Practical question on reversal of cenvat credit as per rule 6(3). {5% reversal}
16. Explain input service distributors. Explain the manner of distribution of credit to their factories?
17. What are the consequences if excise duties are not paid by due dates?
18. Write a note on Invoice procedure (Rule 11) under central excise rules 2002.
19. Explain the procedure of removal of goods from 100% EOU to DTA. (Custom practical question steps to be used).
20. Case study on Rule 21 remission of duties, as per central excise act 2002.
custom duty
21. Practical question on computation of duties (VVVVVV imp).
22. Practical question on Baggage exemption (VVVVVV imp). (exemption increased to 35,000)
23. Explain assessment procedures in case of customs.
24. Define 
custom areas. (24 nm, 
goods u/s 2(22) of customs. (vessels, aircraft, vehicles, stores, baggage, currency, negotiable instruments, any kind of movable property) 
imported goods.person in charge, 
smuggling. (VVVimp).
25. Is education cess and SAH chargeable on BCD??
26. Explain the provisions for Anti Dumping Duty (ADD) as per rule 9A.
27. Explain how goods are valued in case of import of goods. (SRS conditions).
28. Explain the procedures to be followed by master of vessels in case of import and export of goods. (IGM, EGM)
29. Explain transshipment of goods without payment of duties.
30. Explain the Period for which the goods can be kept at warehouse and chargeability of interest on such goods.
31. Explain DBK under section 74.
32. Practical question on DBK.
33. Power to search u/s 100 and 101 of customs act 1962. Service tax and VAT
34. Explain rule 2(c) continuous supply of services as per POT rules.
35. Explain rule 2A of payment of service tax in case of change in rates or when the services are taxable for the first time.
36. Explain the adjustments of advances up to Rs. 1000 in case of POT.
37. Write a note on service tax determination of value rules 2006.
38. Explain the exemptions available to SEZ.
39. Explain export of services.
40. Explain reverse charge cases in case of service tax. (MENTOS).
41. Explain registration in case of service tax.
42. Explain compositions scheme in case of promotion and marketing of lottery or/and money changers.
43. Explain valuation rules of money changer services.
44. Explain interest and penalties under section75, 76, 77 and 78.
45. Practical question on VAT.
46. Explain Variants or methods of VAT.
47. Explain the cases where input credit is not available. Common topic
48. Advance rulings (applicant, question that can be asked, binding on?).
49. Appeal to CESTAT.
50. Explain recovery procedures along with penalty, interest and abatement in penalty. 
DISCLAIMER: DON’T RELY ONLY ON ABOVE 50 QUESTIONS.
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