Central excise law manual 2012-13 pdf

After exhausting the option of taking action as above, if dues remain unrecovered, action is to be taken under the provisions of section 142 of the customs act, 1962 which have been made applicable to like matters. Banking theory law and practice gordon and natarajan, himalaya publishing house, 2010. For all categories of service providers penalties complete reverse charge mechanism w. Likewise, the excise act 2002 prohibits importing excisable services without having a licence. Chapter 2 central excise law descriptive question 2012dec2 a answer a. The effective rate of excise duty of 10% on nonpetroleum products is being increased to 12% with a few exceptions. This act may be called the central excise act,1944. The action as detailed above, should invariably be completed within the period of one month from the due date of payment of the duty.

Trading activity and or first stage second stage dealers. Budget 2012 important changes in central excise duty. A central excise and service tax audit manual, 2015 was also issued by the directorate general of audit of the cbec in this regard. Sabka vishwas legacy dispute resolution scheme 49,534 settlements done. Additional duties of excise textiles and textile articles act, 1978.

Service tax act chapter v of the finance act, 1994 section 64. Rebate on exports no condition for export goods to be manufactured inside country. It is a tax levied on the transaction of certain services specified by the central government under the finance act, 1994. Central excise tariff act, 1985 5 of 1986 hereinafter referred to as the excise. If the readers finds any instructions in this manual, which are contrary to provisions of the central excise act, 1944 and the rules including.

It is an indirect tax akin to excise duty or sales tax which means that normally, the service provider pays the tax and recovers the amount from. Icsi house, 22, institutional area, lodi road, new delhi 110 003. In exercise of the powers conferred by subsection 1 of section 93 of the finance act, 1994 32 of 1994 hereinafter referred to as the said finance act, the central government, being satisfied that it is necessary in the public interest so to do. Government of india ministry of finance department of revenue. Citizen can avail services related to various licenses such as temporary function, licenses to do trade, sale and other manufacturing of liquorits raw materials and many more. Central excise duties are levied on the goods manufactured in india. Procedure for demand recovery of dues of central excise. Arrear recovery manual for central excise, customs and. Gst petition raising the issue about nonfunctionality of the gst portal and, as a consequence of which, various assessees are unable. Various clauses of sec 65105 of finance act, 1944 define each type of taxable service.

Central excise there is no need to file any declaration regarding stocks held on that day. The service tax being an indirect tax, its administrative control is vested with the central board of excise and customscbec. Chapter iii central excise duty on petroleum, oil and. Central excise tariff central excise tariff act, 1985 general proposals involving changes in rates of duty 1.

Central excise duty is applicable on brand name owner. The brand name owner shall be required to register and. Negative list of service tax as per the new budget 2012. Central excise, rules, tariff, acts, notifications, manual. Maamsir, the ministry has notified the all industry rates air of duty drawback 2012 vide notification no. The ready mix concerts plant consists of stone crushers, conveyors, vibrator if they are to be held as chargeable to central excise duty under ceta 1985. Fundamentals of modern banking nc majumdar new central book agency p ltd, 2010. Central excise admissibility of cenvat credit availed on tax paid for renting of immovable property outside the manufacturing u. Service tax act chapter v of the finance act, 1994. Serial number of excise invoices will continue uninterrupted for the current financial year up to 31st march, 2012. Central excise manuals ready reckoners home list manuals central excise this law all income tax gst customs fema companies law indian laws wealthtax service tax cenvat credit central excise.

Service tax liability of service tax in the absence of pecuniary. Central excise tariff act, 1985 tax management india. An act to consolidate and amend the law relating to central duties of excise central duties of excise on goods manufactured or produced in certain parts of india. Central excise dutyconcept meaning sharing of central excise dutyimportant. The legal provisions for the levy and collection of service tax were introduced through chapter v of the finance act, 1994. Central board of excise and customs cbec is a part of the department of revenue under the ministry of finance, government of india. Current, maintained in terms of part v of the excise manual of. Central excise duty exemption against scrips issued under rosctl scheme and additional adhoc incentive for apparel and madeups sector.

Audit under central excise cera ea2000 how to handle audit. Mar 19, 2012 central excise tariff central excise tariff act, 1985 general proposals involving changes in rates of duty 1. Particular taxable event cst sale or purchase of the goods in the course of interstate trade or commerce service tax service tax is payable on taxable service. Excisable goods refers to movable and marketable goods which are listed in the schedules to the central excise tariff act. Excise manual of supplementary instructions for submission of brcs in order to claim. Central board of excise and customs cbec or the board is a part of the department of revenue. The excise duty structure on mobile handsets has been restructured so as to provide that all mobile handsets will attract 1% excise duty if cenvat benefit is not availed of.

The same now requires annual submission of information return us 15a1 of central excise act by rbi officer i. Departmental circular nor a manual of instructions issued by the central. Central excise standard central excise duty rate except in case of petroleum products has been increased from 10% to 12% from 173 2012 i. Budget 201415 changes in excise duty in budget 2014 2015. Rates of service tax rates of interest payment of service tax returns. General rules for interpretation of the schedule to the central excise tariff act, 1985. Excise act, 1944 read with rule 9 of central excise rules, 2002 apply in respect of every person who manufacturers or produces excisable goods including centralstate government undertakings or undertakings owned or controlled by autonomous corporations in india. The prevention of food adulteration act, 1954 and food safety and. He has been active in the field of spreading awareness on indirect tax by conducting seminars and presenting papers. Meanwhile on 9 july 20, the additional commissioner audit issued a letter with 6 annexures to the petitioner seeking information for conducting audit of the records of the petitioner under rule 5a of the st. Central tax seeks to give effect to the provisions of rule 87 and form gst pmt09 of the cgst rules, 2017.

For the students admitted during the academic year 2012 and onwards scheme of examinations scheme of examination cbcs pattern part study. The effective rate of excise duty of 10% on nonpetroleum products is being increased to 12% with a few exceptions where exemptionsconcessions have been given. Nepals excise systems and the legal frameworks world customs. Request for quotations rfq document for hiring of services. Central excise, rules, tariff, acts, notifications, manual, circular. Initially the service tax rate was 5% of the gross value of service. Central excise law manual 201718, by r k jain, 9788175885257. The arrears of revenue have been piling up over the years due to which it has been felt necessary to compile a hand book of all legal provisions, including instructions,on the subjects for guidance and use of the officers. The data relating all india detailed scrutiny of returns for the year 2012 and 2014 have been included vide paragraph no. The central excise tariff act, 1985 5 of 1986 general rules for interpretation of the schedule to the central excise tariff act, 1985. Central excise is a duty on the manufacture or production of all excisable goods in india. General explanatory notes and additional notes additional duties of excise goods of special importance act, 1957 58 of 1957.

Applicability of excise duty on waste and scrap is always been one of the perennial area of litigation under the central excise law. Excise tax was a major source of tax revenue in nepal until the late 1990s. Faq on swachh bharat cesssbc 286 kb act 797 kb rules. Additional duties of excise goods of special importance act, 1957 58 of 1957 4. Buy central excise law manual 201718 book online at low price in india on. Ayad bridge, udaipur 301, for hiring of services of service tax expert along with law expert to prepare service tax case and to appear before central excise and service tax appellate tribunal cestat against the order passed by commissioner appeal, under single source procurement method. For the recovery of dues action is to be taken under section i 1 of the central excise act. All industry rates of duty drawback 2012 reg custom. According to section 14 of the customs act 1962, valuation of goods for. Arrear recovery manual for central excise, customs and service tax page 2 the arrears of revenue have been piling up over the years due to which it has been felt necessary to compile a hand book of all legal provisions, including instructions,on the subjects for guidance and use of the officers. However, the details of detailed scrutiny for the year 201415 were not supplied by the department.

Vilgst updates on gst, vat, service tax, central excise. Central excise practice manual tax management india. In exercise of the powers conferred by section 37 of the central excise act, 1944 1 of 1944, the central government hereby makes the following rules further to amend the central excise removal of goods at concessional rate of duty for manufacture of excisable goods rules, 2001. Differential excise duty is not payable on duty paid goods lying at depot or branches merit goods were subject to 5% duty. Central excise standard central excise duty rate except in case of petroleum products has been increased from 10% to 12% from 1732012 i. Central excise act, 1944 1 of 1944 and in supersession of i notification of the government of.