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Regarding Digitally signed invoices in Central Excise and Service Tax-Conditions, safeguards and procedures
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notifica...
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Indirect Taxes Amendments in Finance Act, 2015
(I) CENTRAL EXCISE AMENDMENTS IN RATE OF EXCISE DUTY 1. BasicExcise Duty Rate – I Schedule of CETA, 1985 Basic Excise Duty rate for most of the goods under I Schedule of CETA, 1985 is increased from 1...
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Cost of boxes/containers and wooden packing are includable in value only when it is done to put goods in marketable condition and not when it is meant for safe transportation for sale at factory gate
SC on Inclusion of Cost of boxes/containers and wooden packing in Assessable Value Cost of boxes/containers and wooden packing are includable in value only when it is done to put goods in marketable c...
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Notification No. 32/2015-Central Excise Dated- 4th June, 2015
Seeks to further amend notification no 12/2012 – Central Excise dated 17/03/2012 vide Notification No. 32/2015-Central Excise Dated- 4th June, 2015 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT...
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CESTAT - No reversal of Cenvat credit on inputs in case of slump sale of on-going factory along with raw materials, packing materials etc., as there is no “removal” from factory
Reversal of Cenvat credit on inputs in case of slump sale of on-going factory No reversal of Cenvat credit on inputs in case of slump sale of on-going factory along with raw materials, packing materia...
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SC - Excise - Freight and other costs would form part of value of goods where transfer of property takes place at buyer’s premises
Freight & other costs includable in value of goods where transfer of property takes place at buyer’s premises We are sharing with you an important judgment of the Hon’ble Supreme Court, in the case of...
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Notification No. 31/2015-Central Excise Dated 28th May, 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 31/2015-Central Excise New Delhi, the 28th May, 2015 G.S.R. (E).- In exercise of the powers conferred by sub-section (1...
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Notification No. 16/2015 – Central Excise (N.T.) Dated-26th May, 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 16/2015 – Central Excise (N.T.) New Delhi, the 26th May, 2015 G.S.R. (E).____In exercise of the powers conferred by sub...
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Notification No. 31/2015-Central Excise Dated 28th May, 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 31/2015-Central Excise New Delhi, the 28th May, 2015 G.S.R. (E).- In exercise of the powers conferred by sub-section (1...
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Notification No. 16/2015 – Central Excise (N.T.) Dated-26th May, 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 16/2015 – Central Excise (N.T.) New Delhi, the 26th May, 2015 G.S.R. (E).____In exercise of the powers conferred by sub...
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SC - Assessee is eligible for the refund of excess Excise duty paid on the basis of original price in the purchase order which was reduced after clearance of the goods from the factory
Refund of excess Excise duty permissible on reduction in contract price after clearance of goods from factory HPL Socomac Ltd. Vs. Commissioner of Central Excise, Gurgaon [(2015) TaxCorp(IDT) 89516 (S...
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Notification No. 30/2015-Central Excise Dated-25th May, 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 25th May, 2015 Notification No. 30/2015-Central Excise G.S.R. ——-(E).- In exercise of the powers conferred by sub-section...
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Notification No. 28/2015 – Central Excise Dated 15th May, 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 15th May, 2015 Notification No. 28/2015 – Central Excise G.S.R. 388 (E).- In exercise of the powers conferred by sub-sect...
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Notification No. 29/2015-Central Excise Dated- 22nd May, 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 29/2015-Central Excise New Delhi, the 22nd May, 2015 G.S.R. (E). – In exercise of the powers conferred by sub-section (...
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Putting of system to regularly monitor litigation cases for safeguarding the interests of Union of India
F. No. 275/13/2015-CX.8.A GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS (LEGAL CELL) NEW DELHI Dated: March 10, 2015 Subject: Putting of system to reg...
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Steps needed to be taken to improve indirect tax administration
F.No.275/17/2015-CX.8A GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS (LEGAL CELL) NEW DELHI Dated: March 11, 2015 Sub: Steps needed to be taken to imp...
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Changes under Central Excise wef 14.05.2015
Finance Bill, 2015 enacted: Significant changes under Central Excise effective from 14th May 2015 The Hon’ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015. Accordingl...
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Rajya Sabha passes Companies (Amendment) Bill, 2014 with amendments
(1) The Companies (Amendment) Bill, 2014, as passed by Lok Sabha Further consideration of the Bill resumed. The following Members took part in the discussion:— 1-07 p.m. 1. Dr. Ashok S. Ganguly 1-10 p...
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Utilisation of credit of Education and SHE Cess for payment of basic excise duty
Amendment to clause (b) of sub-rule (7) of Rule 3 of Cenvat Credit Rules,2004 Understanding Notification 12/2015 Rule 3(7)(b) of the CCR, 2004 has been amended vide Notification No.12/2015-Central Exc...
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CBEC – Dealer Registration NOT mandatory for transit sale
CBEC clarifies – Dealer Registration NOT mandatory for transit sale Background: Vide Notification No. 8/2015-C.E. (N.T.), dated March 1, 2015, the following provisos were added to Rule 11(2) of the Ce...