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Archive: 11 July 2014

Posts in 11 July 2014

Amendment in Notification No. 12/2012-Central Excise, dated the 17th March, 2012 – Effective rate of duty of central excise

July 11, 2014 15464 Views 0 comment Print

Notification No. 12/2014-Central Excise after serial number 133 and the entries relating thereto, the following serial number and the entries shall be inserted, namely:-

Amendment in Notification No. 108/95-Central Excise, dated the 28th August, 1995 – Exemption to Goods supplied to UN/International Organisations or Projects

July 11, 2014 13765 Views 0 comment Print

transfer the said goods to a new project subject to the condition that the manufacturer produces before the Assistant Commissioner of Central Excise or Deputy Commissioner of Central Excise, as the case may be, having jurisdiction over the factory of manufacture, a certificate from the officer concerned of the Central Government, State Government or Union territory Administration, as the case may be, that the said goods are no longer required for the said project and a declaration from the United Nations,

Amendment in Notification No.64/95-Central Excise, dated the 16th March, 1995 – Exemption to goods supplied for defence and other specified purposes

July 11, 2014 2246 Views 0 comment Print

Notification No. 10/2014-Central Excise In the said notification, in the Table, after serial number 35, the following serial number and entries shall be inserted, namely:-

Amendment in the Notification No. 2/2011-Central Excise, dated the 1st March, 2011 – Option to pay duty at 6% (earlier 5%) with cenvat credit

July 11, 2014 3704 Views 0 comment Print

against serial number 58, in column (3), for the existing entry, the following entry shall be substituted, namely:- Sewing machines other than those operated with electric motors, whether in-built or attachable to the body;

Notification No. 8/2014-Central Excise Dated 11/7/ 2014

July 11, 2014 5531 Views 0 comment Print

Notification No. 8/2014-Central Excise In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 1/2011-Central Excise,

File quarterly return for First Stage Dealer/ Second Stage Dealer/ Registered Importer

July 11, 2014 2677 Views 0 comment Print

The quarterly return for the First Stage Dealer/ Second Stage Dealer/ Registered Importer for the period April-June, 2014 is required to be filed on or before 15th July 2014.Importers who are registered with Central Excise for issuing cenvatable invoices can e-file their quarterly returns now using the offline or online versions available in ACES. The […]

Major Indirect-tax proposals in Budget 2014

July 11, 2014 8595 Views 0 comment Print

Central Excise: 1. Cenvat credit: Cenvat credit on inputs and input services should be availed within a period of six months from the date of issuance of invoice, bill, challan etc. (Effective 1st September 2014) 2. Cenvat Credit in case of Reverse Charge : Credit will be allowed after the service Tax is paid. (For Full & Partial both)

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