New central excise law in the offing
A new central excise law will replace the existing eight-decade-old Central Excise Act, the finance ministry said on Tuesday while seeking public comments on a draft bill.
Tag: central excise
CBIC invites suggestions on draft ‘Central Excise Bill, 2024’ in pre-defined format from stakeholders by 26th June 2024
CBIC invites suggestions on the draft ‘Central Excise Bill, 2024’ from stakeholders by 26th June 2024.
Cenvat credit is allowed if inputs are wheeled out to the sister company
The Hon’ble Madras High Court in the case of India Cement Limited v. Commissioner of Customs [C.M.A.(MD) Nos.910 to 914…
DOCTRINE OF SUBSTANCE OVER FORM – CONCEPT, MEANING AND APPLICATIONS
Introduction: Recently, we have witnessed the ICC Men’s Cricket World Cup 2023. Often in the game of cricket, it is…
Time limit for claiming refund not applicable when Service Tax paid erroneously
The CESTAT, in Kolkata M/s. Bansal Biscuits Private Limited v. Commissioner of Central Excise & Service Tax, Patna [Service Tax…
Demand of excise duty is valid if the Assessee was aware that the transaction was done without the payment of duty
The CESTAT, Ahmedabad in Rajesh Mangal v. C.C.E. & S.T.-Ahmedabad-III held that the demand for Excise Duty would be valid if the Assessee was aware that the transaction was done without the payment of duty and subsequently reduced the penalty imposed under Rule 26 of the Central Excise Rules, 2002.
Excise and Taxation dept embraces AI to boost state revenue
The Excise and Taxation Department is taking a bold step towards increasing revenue and strengthening its capacity by embracing modern…
Transportation cost separately charged should not forms part of assessable value as per the Central Excise Act
The Customs, Excise & Service Tax Appellate Tribunal, New Delhi (“the Tribunal”) in the case of M/s. Bathinda Industrial Gases…
Pre-deposit to appeal under old excise, service tax laws to be only in cash: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has said that pre-deposits for appeals in cases related to the…
Refund to be granted in cash towards accumulated CENVAT credit on exports during Pre-GST regime
The CESTAT, Mumbai in the matter of M/s Oil States Industries India Pvt. Ltd v. Commissioner of CGST & Central…