Central Excise Archives - Page 2 of 5

CBEC Circular on Excisability of Re-refined used or waste-oil

April 11, 2016April 11, 2016 TaxIndiaUpdates In0 comments4822 views

CBEC Circular on Excisability of Re-refined used or waste-oil CBEC vide its Circular No. 1024/12/2016–CX (F.NO. 96/43/2015-CX.1) issued on April 11, 2016 has clarified the issues of classification, manufacturing process and levy of Excise Duty on re-refined used oil or waste oil as under: Used lubricating … Continue Reading →

Central Excise

Excise duty on Jewellery : New Committee formed to submit Representation

March 22, 2016 TaxIndiaUpdates In0 comments3948 views

Committee for Representation regarding Imposition of Excise duty on Jewellery CBEC vide Circular No. 1021/9/2016-CX dated March 21, 2016 constitute a Sub-Committee of the High Level Committee to Interact with Trade & Industry on Tax Laws, chaired by Dr. Ashok Lahiri. All associations will … Continue Reading →

Central Excise

Removal of Goods at Concessional Rate of Duty Rules 2016

March 15, 2016April 12, 2016 TaxIndiaUpdates In0 comments5793 views

Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods and Other Goods) Rules, 2016 (As amended by Notification No. 22/2016-Central Excise (N.T), Dated: March 15, 2016) 1. Short title, extent and commencement. – (1) These rules may be called the … Continue Reading →

Central Excise

No CVD payable on Set Top Boxes which is provided free of cost to the consumers by DTH Service Provider

March 12, 2016March 16, 2016 TaxIndiaUpdates In0 comments3270 views

CBEC vide its Circular No. 1020/8/2016 – CX dated the 11th March, 2016 (F.NO. 6/5/2015 – CX.I) has clarified that in terms of decision in case of M/s Bharti Telemedia Ltd. Vs Commissioner of Customs (Import), Nhava Sheva reported as no CVD payable on Set Top Boxes which is … Continue Reading →

Central Excise

Salient Features of the Indirect Tax Dispute Resolution Scheme 2016

March 11, 2016March 16, 2016 TaxIndiaUpdates In0 comments9084 views

Salient Features of the Indirect Tax Dispute Resolution Scheme 2016 A scheme in respect of cases pending before Commissioner (Appeals), the assessee, after paying the duty, interest and penalty equivalent to 25% of duty, can file a declaration, is being introduced. In such cases the … Continue Reading →

Central Excise

Clarifications on Excise Duty imposed on Jewellery in union Budget 2016-17

March 6, 2016March 16, 2016 TaxIndiaUpdates In0 comments4465 views

Ministry of Finance March 04, 2016 Clarifications on levy imposed on jewellery In this year’s Budget, a nominal excise duty of 1% and 12.5% has been imposed on articles of jewellery. Even for this nominal 1% excise duty, manufacturers are allowed to take … Continue Reading →

Central Excise

Withdrawal of Prosecution in Central Excise old cases

March 6, 2016 TaxIndiaUpdates In0 comments4237 views

. Circular No. 1018/6/2016-CX dated February 29, 2016 specified the situation regarding withdrawal from prosecution in Central Excise cases older than 15 years involving duty less than Rs.25 lakhs. Circular No. 1018/6/2016-CX F. No. 96/54/2014-CX.1 Government of India Ministry of Finance Department of Revenue … Continue Reading →

Central Excise

Certificate evidencing payment of Central Excise duty

March 6, 2016 TaxIndiaUpdates In0 comments2589 views

. CBEC Circular No. 1017/5/2016-CX dated February 29, 2016 clarified that the benefit of Circular No.620/11/2002-CX dated 20.02.2002 (facility of issuing of Certificate as proof of payment of Central Excise duty was extended to Small Scale Industry) shall be extended to the entire industry as a … Continue Reading →

Central Excise

Registration of two or more premises as one registrant in Central Excise

March 6, 2016 TaxIndiaUpdates In0 comments2981 views

CBEC Circular No. 1016/4/2016-CX dated February 29, 2016 clarified that if two or more premises of the same factory are located in a close area, these premises are within the jurisdiction of a Central Excise Range and the process undertaken there are interlinked and the units … Continue Reading →

Central Excise

Pan Masala Packing Machines Duty Rules

March 1, 2016April 12, 2016 TaxIndiaUpdates In0 comments5424 views

Pan Masala Packing Machines (Capacity Determination And Collection Of Duty) Rules, 2008 (As amended by Notification No.9/2016-Central Excise (NT), Dated: March 1, 2016) In exercise of the powers conferred by sub-sections (2) and (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), … Continue Reading →