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Article explains Changes in Excise duty proposed/carried out by Union Budget 2021 and explains Amendment in Fourth Schedule , Retrospective amendment in Chapter 27 of the Fourth Schedule to the Central Excise Act, 1944, Amendment in Chapter 27 of the Fourth Schedule to the Central Excise Act, 1944, Imposition Of Agriculture Infrastructure...
Read MoreUnion Budget 2021 – Changes Under The Customs And Excise- This document summarises the Key changes made/ proposed under the Customs and Excise – Section wise in comparative manner for easy digest. CUSTOMS Unless otherwise stated, all changes in rate of Customs duty take effect from the midnight of 1st February/ 2nd February 2021. ...
Read MoreM/s. CPCL has borne the incidence of Excise Duty which in law, could not be charged from it and it is a settled legal position under Section 11B of the Central Excise Act that it is only the person who has borne the incidence of Excise Duty who is entitled to claim refund....
Read MorePre-deposit in appeals relating to Central Excise, Service Tax – Refund to be granted in Cash 1. Most of the assesses have pending appeals relating to Central Excise and Service Tax as on 01.07.2017 i.e., the date of introduction of GST and they must have made pre-deposit of 7.5% or 10% of the disputed tax […]...
Read MoreMemorandum seeking a special measure for the opening of Limited Time Window to process of Payment of Taxes under Sabka Vishwas - (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS)...
Read MoreAttention Manufacturer registered under Central Excise Act, 1944! Due date for payment of Excise Duty through internet banking for the goods manufactured and cleared during the month of February, 2021 is March 06, 2021. Ministry of Finance Government of India Hurry! Manufacturer Registered Under Central Excise Act, 1944 Remember due date ...
Read MoreIronically, your Government has been unreasonably over-zealous in levying excessive excise duty on Petrol and Diesel, i.e., ₹33 on every litre of Petrol and ₹32 on every litre of Diesel, which is higher than the base price of these fuels. This is nothing short of extortion to cover up economic mismanagement. As the principal party in ...
Read MoreAs we all are aware that, SVLDRS was introduced with the twin objectives- First, finalize the legacy disputes in Central Excise and Service Tax that are pending at various forum and second, encouraging non-compliant taxpayer/tax evaders to declare the tax not paid so far and come under the tax net voluntarily. The scheme has received [&...
Read MoreSabka Vishwas – Legacy Dispute Resolution Scheme The details of total amount of funds that are locked up in cases at various quasi-judicial, appellate and judicial forums under Service Tax and Central Excise put together as on dated 31.12.2019 are as follows: Serial No. Forum Number Amount (Rs. in Cr.) 1. Supreme Court 2327 31088.96 [...
Read MoreKeeping in view the response of the taxpayers to the Sabka Vishwas (Legacy Dispute Resolution) Scheme, the Central Government today extended it for a period of fifteen days, till 15th January, 2020. This is one-time and final extension in view of taxpayers’ response....
Read MorePro Sportify Private Limited Vs Principal Commissioner, Central Goods and Services Tax (Punjab and Haryana High Court) - Pro Sportify Private Limited Vs Principal Commissioner, Central Goods and Services Tax (Punjab and Haryana High Court) The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 came into force w.e.f. 01.09.2019, thus any enquiry/audit/investigation initiated after aforesaid date cannot make any per...
Read MoreHonda Cars India Limited Vs Commissioner of Central Goods and Service Tax, Customs and Central Excise (CESTAT Delhi) - he appellants were not maintaining separate records of receipt, consumption of inventory of inputs and input services in terms of Rule 6(2) of CENVAT Credit Rules, 2004 and therefore, they opted to pay CENVAT Credit as determined under Rule 6(3A) of CENVAT Credit Rules, 2004 in terms of Rule 6(3)(ii...
Read MoreLoyalty Solutions And Research Private Limited Vs Union Of India And Others (Punjab & Haryana High Court) - Loyalty Solutions And Research Private Limited Vs Union Of India And Others (Punjab & Haryana High Court) The Designated Committee constituted under Amnesty Scheme vide impugned order dated 24.02.2020 (P-19) rejected declaration filed with respect to appeal pending before Tribunal on the ground ...
Read MoreCommissioner of CGST & Central Excise Vs Shriram Transport Finance Company Ltd. (Bombay High Court) - Commissioner of CGST & Central Excise Vs Shriram Transport Finance Company Ltd. (Bombay High Court) Whether for the period prior to 01.03.2006, service tax is recoverable on entire interest component collected as equated monthly installments on transactions relating to ‘Financial Leasing S...
Read MoreC.C.E. And S.T. Vs Bilfinder Neo Structo Contruction Ltd. (Supreme Court) - C.C.E. And S.T. Vs Bilfinder Neo Structo Contruction Ltd. (Supreme Court) 1. There is a delay of 536 days in filing the appeal against the order of the Customs Excise and Service Tax Appellate Tribunal. Repeatedly, it has come to the notice of this Court that appeals in revenue matters involving ind...
Read MoreNotification No. 01/2021-Central Excise (N.T.) - (04/02/2021) - The notification amends the notification No. 13/2017-Central Excise (N.T.), dated the 9th June, 2017, (published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification number G.S.R.566 (E), dated the 9th June, 2017) notifying the territorial jurisdiction of Com...
Read MoreD.O. F. No. 334/02/2020-TRU - (01/02/2021) - The Finance Minister has introduced the Finance Bill, 2021 in Lok Sabha today, that is 1St February, 2021. Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2021. To prescribe effectives rates of duty, following notifications are being issued:...
Read MoreNotification No. 07/2021-Central Excise [G.S.R.89(E).] - (01/02/2021) - Budget 2021- Seeks to amend notification Nos. 10/2018-Central Excise, 11/2018-Central Excise, 12/2018-Central Excise and 13/2018-Central Excise, all dated 02.02.2018, to add the reference of Agriculture Infrastructure and Development Cess in the appropriate duty of excise. Notification No. 07/2021-C...
Read MoreNotification No. 06/2021-Central Excise [G.S.R. 88(E).] - (01/02/2021) - Budget 2021- CBIC Seeks to exempt E-20 fuel from Road and Infrastructure Cess – Notification No. 06/2021-Central Excise Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 06/2021-Central Excise New Delhi, the 1st February, 2021 G.S.R. 88(...
Read MoreNotification No. 05/2021-Central Excise [G.S.R.87(E).] - (01/02/2021) - Budget 021- CBIC Seeks to exempt M-15 fuel from Road and Infrastructure Cess – Notification No. 05/2021-Central Excise Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 05/2021-Central Excise New Delhi, the 1st February, 2021 G.S.R.87(E)...
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Pro Sportify Private Limited Vs Principal Commissioner, Central Goods and Services Tax (Punjab and Haryana High Court) -
Honda Cars India Limited Vs Commissioner of Central Goods and Service Tax, Customs and Central Excise (CESTAT Delhi) -
Loyalty Solutions And Research Private Limited Vs Union Of India And Others (Punjab & Haryana High Court) -
Commissioner of CGST & Central Excise Vs Shriram Transport Finance Company Ltd. (Bombay High Court) -
C.C.E. And S.T. Vs Bilfinder Neo Structo Contruction Ltd. (Supreme Court) -
Venkateshwara Power Projects Ltd Vs Commissioner of Central Tax (CESTAT Bangalore) -
Notification No. 01/2021-Central Excise (N.T.) - (04/02/2021) -
M.K Jokai Agri Plantations (P) Ltd Vs Union of India (Gauhati High Court) -
