cases of retail sale of cement under central excise
Central Excise Made Simple
Collector of Central Excise,, 2007 (216) 513 ():Facts: The Department has taken the view that Cement Concrete Armour Units (CCAU) used by Port Trust for the installation of break waters in the outer harbour for purpose of keeping the water calm and tranquil is excisable under Central Excise ....
TRADE NOTICE NO. 04/2010CENTRAL EXCISE
Excise duty on Cartons, boxes and cases, of corrugated paper or paperboard manufactured by Standalone manufacturers is being reduced from 8% to 4% ( 96E of the notification No. 4/2006Central Excise as inserted vide Notification No. vide notification No. 10/2010Central Excise dated refers)....
OFFICE OF THE COMMISSIONER OF CENTRAL EXCISE
The excise duty exemption on watches and clocks of retail sale price not exceeding RS. 500 per piece has been withdrawn. However, an effective basic excise duty of 4% adv. has been prescribed for these goods subject to certain conditions (S. No. 262 of Notification No. 3/2001CE refers)....
Erstwhile Indirect Tax Laws RSA Legal Solutions
Erstwhile Indirect Tax Laws . Before July 01, 2017, the indirect tax comprised mostly of Central Excise, Service Tax, and Value Added Tax. Even though these taxes have mostly been subsumed now, various disputes from the years gone by still continue to crop up....
Getting Started with Excise for Manufacturers
Excise is provided under authority of the Central Excise Act, 1944 at the rates specified Central Excise Tariff Act, 1985. Scope and Applicability Excise Duty means the tax to be paid by the manufacturer, on the goods manufactured in India, either at the time of manufacture or at the time of removal of the goods....
Changes in Excise Duties in Budget 2010
In the case of packaged cement manufactured by units other than minicement plants, excise duty has been increased from 8% to 10% for cement of declared retail sale price exceeding Rs. 190 per 50 kg bag or Rs. 3800 per tonne....
Rapid Revision on Central Excise My Thoughts on GST
Further, such prohibitions on sale of physician‟s samples under Drugs Act does not affect the marketability of such samples. Restrictions under Drugs Act cannot affect imposition of excise duty under the Central Excise Act thereby causing loss of revenue. Therefore, physician‟s samples are liable to excise duty. Nicholas Piramal India Ltd ......
Moving to GST: Can I Avail Input Credit on Closing Stock?
In case of Ravindranath Automobiles I understand the Central excise matters in case of transition but in case Vat credit here is not cleared. That is for 30 remaining stock Input vat remaining with closing stock is * 30 = 6525/ Is it will be taken as SGST Credit as on 01/04/2017 if GST is implemented....
Directorate General of Audit Customs, Central Excise ...
started paying central excise Duty. Thereafter he had started availing CENVAT Credit on various inputs, input services and capital goods. Batteries manufactured by the assesse are notified under Section 4A of the Central Excise Act, attracting levy on the basis of Retail Sale ....
Module 1 Central Excise CENVAT Credit Taxmann
Valuation in case of captive consumption [Rule 8 of Central Excise Valuation Rules, 2000] 133 Valuation in case of sale to, or through, related persons [Rule 9 and rule 10 of Central Excise Valuation Rules, 2000] 139 Valuation of goods manufactured on jobwork basis [Rule 10A of Central Excise Valuation Rules, 2000] 143...
Budget 2008 Central Excise Explanatory Notes Excise ...
Mar 02, 2008· General excise duty rate (CENVAT rate) has been reduced from 16% to 14%, (Notification No. 2/2008CE dated 1st March, 2008 refers). Chapter 1 to 18 No change except reduction of CENVAT rate from 16% to 14%....
EXPLANATORY NOTES (CENTRAL EXCISE) Service Tax Online
The statutory or tariff rate of central excise is being reduced to 12% for nonpetroleum goods other than those which are exempt, or at higher duty and for petroleum goods, the statutory ad valorem duty or the ad valorem component on products having composite rate is also being reduced to 14%....
Central Excise Rules
Central Excise (Determination of Retail Sale Price of Excisable Goods) Rules, 2008 Customs and Central Excise Duties and Service Tax Drawback Rules, 1995 Central Excise (Removal of ....
GOVERNMENT OF INDIA
units other than minicement plants, excise duty has been increased from 8% to 10% for cement of declared retail sale price exceeding Rs. 190 per 50 kg bag or Rs. 3800 per tonne....
Notification No. 41/2012Service Tax
Quick Links. (b) the person liable to pay service tax under section 68 of the said Act on the taxable service provided to the exporter for export of goods shall not be eligible to claim rebate under this notification; (c) the manufacturerexporter, who is registered as an ....
Customs and Excise Duties Act
Central Bank of Belize Act, Cap. 262, and all duties under this Act shall be paid and received according to the imperial weights and measures by law established, and in all cases where such duties are imposed according to any specific quantity or value the same shall be deemed to apply except...
Excise Valuation It's all in the Packaging! | Indirect Tax
Jun 17, 2014· By this decision, the Hon'ble Tribunal has reaffirmed an important point of law pertaining to excise valuation under Section 4A of the Act. The assessee, in the present case, packed tiles in standard retail packages and affixed MRP as required statutorily....
Case Law
In context with the expression "new retail sale price", this Tribunal in the case of SA Freshners Pvt. Ltd. (supra), has held that the benefit of the fourth proviso to Rule 9 is applicable, in cases, where the production of goods of a new RSP, which has not been earlier manufactured during the month, is commenced by the manufacturer, even ......
Modified heavy trucks FET Tax IRS crackdown Ayar Law
Dec 30, 2015· No doubt you're familiar with the Retail Tax on Heavy Trucks, Trailers and Tractors, often just called Federal Excise Tax or FET. This tax, defined by Tax Code Section 4051 (CFR ), imposes a 12% tax on the sales price of the first retail sale of trucks with a Gross Vehicle Weight Rating (GVWR) in excess of 33,000 pounds....
Excise valuation on retail sales price | Business Standard ...
Read more about Excise valuation on retail sales price on Business Standard. A recent judgment of the Supreme Court, in the case of Jayanti Food Processing Pvt Ltd vs CCE (2007TIOL150SCCX), authoritatively holding that the applicability of the provisions of the Standards...
Valuation of MRP goods in GST regime The countdown ...
Jun 22, 2016· Varun Parmar, Deputy Manager. The early part of nineties witnessed a new dimension in indirect tax litigation whereby the Central Excise authorities wanted to extract their pie on the basis of ultimate consumer price, popularly known as the Retail Sale Price (RSP). The authorities felt that the value offered for Central Excise was far too low......