Tag Archives: Customs & Excise

PACKAGED OR CUSTOMIZED SOFTWARE EXEMPTED IN SERVICE TAX ?

PACKAGED OR CUSTOMIZED SOFTWARE EXEMPTED IN SERVICE TAX ? Pre-packaged software is goods and leviable to Excise duty (Customs duties, if imported), subject to exemptions available if any (presently, packaged software is included in the Third Schedule to the Central Excise Act and liable to duty of excise on the basis of their Retail Sale […]

SHOW CAUSE NOTICE AFTER ADMISSION OF SETTLEMENT APPLICATION – SUSTAINABLE?

SHOW CAUSE NOTICE AFTER ADMISSION OF SETTLEMENT APPLICATION –  SUSTAINABLE? Chapter XIV A of the Customs Act, 1962 deals with the procedure of filing application before the Settlement Commission and the procedure of disposal of the application by the Commission. Section 127B (1) provides that any importer, exporter or any other person may, in respect […]

Excise Duty on Jewellery

Excise Duty on Jewellery Amrit DalmiaIn this year’s Budget, a nominal excise duty of 1% [without CENVAT Credit on Capital Goods and Inputs] and 12.5% [with CENVAT Credit on Capital Goods and Inputs] has been imposed on articles of jewellery [excluding silver jewellery, other than studded with diamonds or other precious stones] w.e.f March 01, […]

Non-Submission of Export Intimation in prescribed time in case of CT-3

Non-Submission of Export Intimation in prescribed time in case of CT-3 IMPACT OF NON-SUBMISSION OF EXPORT INTIMATION WITHIN THE PRESCRIBED TIME IN CASE OF CT-3 The perception of law should as it helps the implementation of law effectively. Law is framed for the assessee in which they will able to pay effortlessly Central Excise duty […]

Valuation of Physician Sample Manufactured on Job Work basis

VALUATION OF THE PHYSICIAN SAMPLE WHEN PRODUCT IS MRP BASED AND MANUFACTURING IS CONTRACT AND JOB WORK BASIS. Law cannot be interpreted broadly. It has to interpret case to case basis. It is very much clear that if the product is being manufactured for ultimate consumer and covered under provision of Legal Metrology Act and […]

Services having indirect nexus with business are Input services

Services having indirect nexus with business are Input services Inputs services also include services having some sort of indirect nexus with the assessee’s business activities Brief of the case: The CESTAT Mumbai in the case of Sudarshan Chemical Industries Ltd. vs. CCE (A) held that input services not only cover services of falling in the […]