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Tag Archives: Customs & Excise

Valuation of intermediate products used for captive consumption

In the present case, there is no sale of iron ore concentrate by the appellant and clearance to sister unit for further use is subjected to excise duty and valuation for such duty has to be worked out in terms of Rule 8 of Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000.

Accounting treatment of CENVAT refund notification no 187/6/2015

In order to support the survival of exporter of services in international market and for the growth Indian economy, the Central Board of Excise and Custom department has provided the facility of refund of CENVAT credit under rule 5 of CENVAT credit rules, 2004.

Seizure of money throughout investigation in central excise

In order to hold business activities we’d like money. it’s needed to buy stuff, to purchase transportation, to purchase the many activities that area unit essential to run the business. Similarly, many another times the money is received for the products sold-out or services rendered and unarguably it’s the foremost acceptable and convenient mode of exchange.

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