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 […]
Category Archives: Excise & Custom
An Excise & Custom duty is a type of tax charged on goods produced within the country.Customs Duty is a tax imposed on imports and exports of goods – Excise & Custom
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 […]
What the Brexit? Nasscom sticks to increase forecast Nasscom changed into keeping a close watch on factors consisting of Britain’s go out from the european and its ripple impact on call for for technology offerings.
Highlights of Applicability of Excise on gems and jewelry industry This write up is to replace you on the latest trends on applicability of Excise on gems and jewelry enterprise. On the idea of round No. 1040 /28 /2016-CX to No. 1045 /33 /2016-CX ; and Notification No.’s 26/2016-primary Excise to 29/2016-valuable Excise; No.’s 33/2016-important […]
Is Chilling of milk not liable for Service Tax ? 1.The appellant is engaged in chilling of milk for M/s. Jaipur Zila Dugdh Utpadak Sahakari Sangh Ltd. 2. Ld. Advocate argued that as per Chapter Note 6 of Chapter 4 of Central Excise Tariff the process of chilling of milk amounts to manufacture and therefore […]
Refund of CENVAT Credit in case of 100% exporter of services Held Since in the present case, 100% services are exported therefore total turnover and exports turnover will come to the same amount and accordingly entire Cenvat credit availed by the appellant irrespective of any period shall become refundable,
788 businesses underneath DRI Scanner for export proceeds pending for realisation Directs Enforcement Directorate to take important motion underneath FEMA with appreciate to 216 agencies with recognize to the duration earlier than 1st March, 2016 and 572 organizations for the duration after 1st March, 2016 for which each such business enterprise had export proceeds pending […]