It was held that the rate of duty applicable on the differential assessable value recovered at the depot premises attributable to the products manufactured would be the rate applicable to the said goods when they were cleared from the factory premises.
The assessee is engaged in the process of cold-rolling of hot-rolled stainless steel patta/patti on job work basis. As per the assessee, for this purpose, it receives hot-rolled SS patta/patti from other manufacturers and thereafter undertakes the process of cold-rolling in the cold-rolling mill.
CBI has earlier registered a case against a Superintendent and two Inspectors of Central Excise Department posted at Ahmednagar (Maharashtra) u/s 120-B of IPC and Sec.7 of PC Act, 1988 on a complaint. It was alleged by the complainant that the said officials of Central Excise Department posted at Ahmednagar (Maharashtra) demanded bribe of Rs. 8 lakh from him for settling the matter of imposition of Excise Duty on the products of the factory owned by his son.
2015 is over. First we wish all the readers a very prosperous & successful 2016. Now as we know that 2015 is over, how this year really was for India is a question we should be a bit concerned about. The new government took office in May 2014 with the motive of making a visible economic progress in the country. So till now it is nearly 18 months over for the new government.
Secondment of employees, as a concept, has evolved in the era of global commercial mobility. Secondment is where an employee of one organization is working for one or more other organization(s), basis a mutual understanding between the organizations. There are various concerns associated with secondment of employees like the payroll , employer- employee relationship status , control over the employee and several related issues.
The past is past only. Nobody can compensate for the loss, and damages suffered. However, the past enables to introspect and identify the lapses and take corrective steps while planning for a better future. The rapid developments of industrialization and consumerism during the last four centuries have certainly led to the rise in the standard […]
Advisory for Deductors 1. Deductors deduct tax at lower rate on payment/credit to deductee on production of certificate duly issued by assessing officers under section 197. Deductors quote such certificate number in quarterly TDS statement. Instances of huge default of ‘Short Deduction’ have been observed due to wrong quoting of 197 certificate number. The scenario […]
Rule 12B Drugs and medical equipment used in dialysis for the treatment of patients suffering from kidney disease, as may be notified from time to time, by the State Government, in the Official Gazette.
In the case of COMMISSIONER OF CENTRAL EXCISE, CHENNAI VERSUS M/S. NEBULAE HEALTH CARE LTD., the Hon’ble Supreme Court held that excise duty is paid by the manufacturer on branded goods manufactured
In the case of M/S. STEEL AUTHORITY OF INDIA LTD. VERSUS COMMISSIONER OF CENTRAL EXCISE, RAIPUR, it was held by Hon’ble Supreme Court that the case of levy of interest u/s 11AB on excise duty paid due to price escalation which has already been decided in the cases of SKF
