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 […]
Tag Archives: Customs & Excise
Can government still levy excise on goods After GST Law ? The modified list provides that excise duty may be levied only on petroleum/petroleum products and tobacco/tobacco products, thereby limiting Central Excise Act’s scope to these specified products.
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.
what is Pre – shipment credit? When an exporter avail any credit facilities, within the shape of loan and or improve from a bank for the reason of financing the purchase of inputs packing material for production and packing of the very last products to be exported it’s miles called Pre –cargo credit.
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 […]
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 […]