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, […]
Tag Archives: Customs & Excise
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 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 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 […]
Export benefit cannot be denied on re-processed damaged goods In the case of M/s Uni worth Textiles Ltd. Vs. Commissioner of Central Excise, Nagpur, (CESTAT Mumbai); Appeal No. E/1510/11; Date of Decision-14.01.2016 it was held that the Export benefit on export of goods cannot be denied on the mere fact that the goods got damaged, […]