Customs and Central Excise Key Highlights of Union Budget 2026-27
Budget announcement on Customs and Central Excise
Tag: central excise
Value of duty-paid bought-out items not includible, if assets supplied in CKD conditions
The Hon’ble Supreme Court in the case of Lipi Boilers Ltd. held that the value of duty-paid bought-out items supplied directly to the buyer’s site and used in erection of a steam generating plant cannot be included in the assessable value of the boiler cleared from the assessee’s factory in CKD condition
Former excise inspector, aid sentenced to 5 years in Rs 32 crore fraud
A CBI court in Visakhapatnam has sentenced a former Central Excise and Customs inspector and a private person to five years’ imprisonment in connection with a Rs 32.28 crore fraud case, the CBI said on Wednesday.
Pre-Deposit is must, to file appeal and cannot be frustrated for Assessee’s financial hardship
The Hon’ble Supreme Court in Altaf husen Mayuddin Khatri held that financial hardship cannot be a ground to waive or reduce the statutory pre-deposit requirement under Sections 35B and 35F of the Central Excise Act, 1944.
Parallel criminal prosecution can proceed when adjudication is set aside on procedural grounds
The Hon’ble Supreme Court in the case of M/s Rimjhim Ispat Ltd. & Ors held that criminal prosecution under the Central Excise Act, 1944 can proceed independently even if departmental adjudication is set aside on procedural grounds, as long as the complaint is supported by investigative material beyond the quashed order.
Excise inspector held for accepting Rs. 25k bribe
An inspect of the Uttar Pradesh excise department was arrested by the Anti-Corruption Bureau (ACB) while accepting a bribe of Rs. 25,000 in Saharanpur.
Raising of monetary limits for filing appeals by the Department before CESTAT, HC and SC in legacy Central Excise & Service Tax
Central Board of Indirect Taxes and Customs hereby fixes the following monetary limits below which appeal shall not be filed in the CESTAT, High Court and Supreme Court:
No exemption for SEZ units under the proposed Central Excise Bill
The proposed Central Excise Bill, 2024, does not exempt excisable goods produced or manufactured in a Special Economic Zone (SEZ) and brought to any other place in India from duty. Any exemption will need to be notified separately by the Central government, if deemed fit, says the Bill.
Centre proposes new excise law, ease of doing business in focus
The Central Board of Indirect Taxes & Customs has invited suggestions on the draft ‘Central Excise Bill, 2024’, which aims to enact a comprehensive modern central excise law with an emphasis on promoting ease of doing business and repealing old and redundant provisions.