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Showing posts with label Excise. Show all posts
Showing posts with label Excise. Show all posts

Monday, September 27, 2010

Compound levy on SS Patta/Patti units: Controversy continues

Prepared By:
CA Pradeep Jain,
Sukhvinder Kaur, LLB [FYIC]

Introduction:

The issue involved in this piece was dealt by us in an earlier article titled “Controversy on Education Cess and Secondary & Higher Education Cess in SS cold rolled Patta/Patti Industries”. Now we are writing another piece discussing the continuing controversy on the issue of inclusion of or non inclusion of Education cess and SHE cess in excise duty under compound levy on SS Patta/patti & Aluminium circles.
Read More

Cenvat credit on building material: - Tax Expert or Jyotishi

Prepared By: -

CA Pradeep Jain,
Sukhvinder Kaur, LLB[FYIC]
CA Ridhi Anchalia



Introduction: -



This is most interesting remark we got on our article “Amendment on Cenvat on building material: Far from solutions” after the pronouncement of Larger Bench decision in case of Vandana Global Limited [2010-TIOL-624-CESTAT-DEL-LB]. In the aforesaid piece prepared by me along with Sukhvinder Kaur and Neetu Sukhwani, we have opined that after the amendment in the definition of “inputs”, the earlier cases will be decided in favour of manufacturers as the amendment is prospective and not retrospective. But our conclusion was wrong and Larger bench of Delhi Tribunal has given the decision in favour of Revenue
Read More.

Packing the dispute of branded goods on packing material

Prepared By:-

CA. Pradeep Jain,
Sukhvinder Kaur LLB[FYIC]
And CA Ridhi Anchalia

Introduction: -



There are already two articles published on our website www.capradeepjain.com on this issue. The title of these articles was “SSI exemption: - The branded issue” and “Brand name for packing material:- all is well when ends well”. The budget has made further amendment while passing the budget to end the controversy. Read More

Non- Melting Controversy on Melting Scrap- Part-II

Prepared By: -

CA. Pradeep Jain

Sukhvinder Kaur LLB[FYIC]

And CA. Ridhi Anchalia



Introduction: -



It is truly said that litigation never stops. Litigation and law are twins and will go along. It is immaterial how perfectly a provision is framed. We have already written an article on the controversy of melting scrap of stainless steel titled as “Non melting controversy on melting scrap”. It can be viewed on our website www.capradeepjain.com. There are certain latest developments on this issue which has prompted us to write this article. Read More

Job Work: Better late than never

Prepared By:
CA Pradeep Jain
Sukhvinder Kaur, LLB

Introduction: -



In this article, we are discussing the issue of eligibility of a jobworker in availing cenvat credit on inputs used by him in the manufacture of goods on jobwork basis. We have already written two articles on this issue. The first titled “Jobwork, Cenvat & Litigation-Good Job for Consultants” is already available on our website www.capradeepjain .com. In this article, we have discussed how the large demands have been created by the department under Rule 6 of Cenvat credit Rules.Read more

Sunday, September 26, 2010

Non Tariff Notifications

Regarding excise duty on wires drawn from wire rods
Amends the CENVAT Credit Rules, 2004
Corrigendum dated 13.09.2010 to Notification No. 24/2005-CE(NT) dated 13/09/2010
Amends the CENVAT Credit Rules, 2004
Corrigendum dated 13/09/2010 to Notification No. 25/2005-CE(NT), Dated: 13/09/2010
Amends the CENVAT Credit Rules, 2004

Amendment in the Notification No.42/2001-Central Excise (N.T.), 26.06.2001
 Amends First Schedule to the Central Excise Tariff Act, 1985
Grants rebate of duty on certain excisable goods
Amends CENVAT Credit Rules, 2004
Amends Central Excise Rules, 2002
Amends Notification No. 49/2008-Central Excise (N.T.), dated the 24th December, 2008.
Corrigendum to NT No. 18/2010(N.T.) Date 13/04/2010.
Corrigendum to NT No. 18/2010(N.T.) Date 13/04/2010.
Amends chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010. The principal rules were notified vide notification no. 11/2010-Central Excise (N.T) dated the 27th February 2010
Specifies Jarda scented Tobacco for levy and collection of excise duty
Amends Notification No. 6/2007-Central Excise (NT), dated 12th February, 2007
Amends Notification No.25/2005-Central Excise (N.T.), dated 13th May, 2005
Amends Notification No.24/2005-Central Excise (N.T.), dated 13th May, 2005
Commissionerate of Mumbai-IV removed and its jurisdiction amalgamated with Mumbai-I Commissionerate
Amends Notification No.24/2005-Central Excise (N.T.) dated 13th May, 2005







E-payment and E-filing  mandatory for units paying Rs 10 lac(PLA+CENVAT) in last year
 Central excise notification VAPI
 Central excise notification VAPI

Tariff Notifications

Amends Clean Energy Cess Rules, 2010 [Clean Energy Cess Notification]
Amends Notification No. 6/2006-Central Excise, dated the 1st March, 2006
Amends Notification No.64/95-Central Excise, dated the 16th March, 1995
Makes Clean Energy Cess Rules, 2010 [Clean Energy Cess Notification]
Clean Energy Cess exemption to the State of Meghalaya [Clean Energy Cess Notification]
Exemption to specified goods [Clean Energy Cess Notification]
Effective rate of cess leviable on goods [Clean Energy Cess Notification]
Applicability of Finance Act, 2010 (14 of 2010) [Clean Energy Cess Notification]
Enactment of Finance Act, 2010 (14 of 2010) [Clean Energy Cess Notification]
Seeks to exempt the Higher Education Cess
Seeks to exempt the Education Cess
Amends Notification No.64/95-Central Excise, dated the 16th March, 1995
Amends Notification No. 6/2006-Central Excise dated the 1st March, 2006
Amends No. 8/2003-Central Excise, dated the 1st March, 2003.
Amends No. 6/2005-Central Excise, dated the 1st March, 2005.
Amends No. 2/2008-Central Excise, dated the 1st March, 2008.
Amends No. 3/2006-Central Excise, dated the 1st March, 2006.
Amends No. 4/2006-Central Excise, dated the 1st March, 2006
Amends Notification No. 16/2010-Central Excise, dated the 27th February, 2010

Twelfth Schedule to Finance Bill,2010-11               

Eleventh Schedule to Finance Bill,2010-11               

Tenth Schedule to Finance Bill,2010-11               

Ninth Schedule to Finance Bill,2010-11               

Eighth Schedule to Finance Bill,2010-11               

Seventh Schedule to Finance Bill,2010-11               

Sixth Schedule to Finance Bill,2010-11               

Fifth Schedule to Finance Bill,2010-11               
                 
Fourth Schedule to Finance Bill,2010-11               

















 Amends Notification No. 62/95 - Central Excise, dated 16th March, 1995
Exempts certain specified goods