Appeals and Revisions : Nature of appeal TO BE FILED WITH Against which order it can be preferred Who can prefer Time limit for filing of appeal Time limit for […]
Excise - 42. page
Large Tax Payers (LTP) – Excise
Large Tax Payers (LTP): The eligibility criteria for a person to be enitled to be a LTP are He is a manufacturer of exisable goods or provider of taxable services, […]
Periodicity and duration of Audit – Excise
Periodicity and duration of Audit: These have been prescribed as under- Slab of annual total duty payment (in cash + CENVAT Credit) Frequency of Audit Duration of Audit (From desk […]
AUDITS UNDER CENTRAL EXCISE – Excise
AUDITS UNDER CENTRAL EXCISE (I) Valuation Audit under section 14A : In cases of disputes related to value declared by manufacturers , section 14 A empowers the Excise Department […]
Rule -25 : Confiscation & Penalty – Excise
Rule -25 : Confiscation & Penalty : Subject to the provisions of Section 11AC of the Central Excise Act, 1944, following offences have been prescribed under rule 25(I) of the […]
Rule 23 &24 : Power of Search & Seizure – Excise
Rule 23 &24 : Power of Search & Seizure : Where the JC of Central Excise or AC of Central Excise or such other CEO , as may be notified […]
Rule-21 : Remission of duty – Excise
Rule-21 : Remission of duty: Where it is shown to the satisfaction of the commissioner that goods have been lost or destroyed by natural causes, or by unavoidable accident or […]
Periodic returns under Central Excise:Purpose and Periodicity of Variou Excise Returns – Excise
Periodic returns under Central Excise:Purpose and Periodicity of Variou Excise Returns : All assesse are required to file returns mandatorily through e-filling , irrespective of the payment of excise Duty […]
Rule 11 : Goods to be removed on Invoice – Excise
Rule 11 : Goods to be removed on Invoice : No excisable goods shall be removed from a factory or a warehouse except under an invoice signed by the owner […]
Rule 10 : Daily Stock Account – Excise
Rule 10 : Daily Stock Account : Every tax payer has to maintain records of stock on daily basis, known as RG-1 Register. Contents: i) Description of the goods produced […]