Excise Duty - Page 398

Procedural relaxation regarding MODVAT Credit

Circular No. 146/57/95-CX (12/09/1995)

Circular No. 146/57/95-CX Representations have been received from the manufacturers that some of their inputs on which modvat credit is taken by them have to be initially sent to another manufacture (job workers) for a part of process and then return the same to the manufacturers. For this purpose, the manufacturers clear the goods under...

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Central Excise Classification of Coconut Oil packed in small containers clarification regarding

Circular No. 145/56/95-CX (31/08/1995)

Circular No. 145/56/95-CX I am directed to say that doubts have been expressed regarding correct classification of coconut oil packed in small containers as to whether the same is classification of coconut oil packed in small containers as to whether the same is classifiable as a fixed vegetable oil under chapter 15 or as a cosmetic prep...

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Delegation of powers under various rules relating to Export Procedure

Circular No. 144/55/95-CX (24/08/1995)

Circular No. 144/55/95-CX I am directed to invite your attention to the enclosed copy of Chart showing delegation of powers under various rules relating to New Export Procedure for information...

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Circular No. 143/54/95-CX Dated 16/8/1995

Circular No. 143/54/95-CX (16/08/1995)

Circular No. 143/54/95-CX It has been represented to the Board that the existing description of the kit at serial number 185 of Heading A of the Schedule under the notification is slightly different from the description of the same kits which appeared at serial number 107 of Heading A of the Schedule under notification No. 208/81-Custom...

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Circular No. 142/53/95-CX Dated 14/8/1995

Circular No. 142/53/95-CX (14/08/1995)

Circular No. 142/53/95-CX I am directed to enclose herewith a copy of judgement dated 20.3.95* passed by Hon"ble Supreme Court in CA No. 1315-18 of 1990 filed by CCE, Shillong Vs. M/s. Wood Craft Products Ltd., regarding classification of "Block Board" under the Central Excise Tariff Act, 1985....

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Central Excise-Classification of Photo Identity Cards and Holograms-Regarding

Circular No. 141/52/95-CX (14/08/1995)

Circular No. 141/52/95-CX The production of photo-identity cards involves videography of the person, computerised capture of the videographed image, merging of the image with the data of the person already entered in the computer and the computerised printing out of the merged data and the image through a laser printer. This print out is...

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Central Excise- Classification / excisability of football panel kits- Clarification Regarding

Circular No. 140/51/95-CX (08/08/1995)

Circular No. 140/51/95-CX In this regard it has been represented that football panel kits are unstiched part of inflatable balls and are used exclusively in the manufacture of footballs/ volley balls/ inflatable balls and that there is no other use of the same Accordingly these are classifiable under Chapter 95 as "toys, games and sports...

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Monthly Statement of Central Excise and Customs cases pending before Commissioner (Appeals) and CEGAT – Regarding

Circular No. 139/50/95-CX (01/08/1995)

Circular No. 139/50/95-CX The undersigned in directed to say that during the course of briefing regarding a Parliament Question, the Finance Minister expressed concern over mounting arrears of court cases and cases and cases pending before CEGAT and Commissioners (Appeals), and emphasised the need for proper co-ordination and monitoring ...

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Analysis of revenue and MODVAT availment

Circular No. 138/49/95-CX (21/07/1995)

Circular No. 138/49/95-CX I am directed to enclose 3 proforma named A, B & C* with this letter. These 3 proformas relate to the analysis of revenue from major units and major commodities of the Commissionerate. Proforma C has been designed especially to ascertain the effect of liberalised import regime, introduction of MODVAT on the bas...

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Issues relating to Modvatable Invoices pertaining to Notification No. 23/95-CE (NT) and 24/95-CE (NT) both dated 30.5.1995 raised by the Trade and Industry and Principal Collector

Circular No. 137/4895-CX (18/07/1995)

Circular No. 137/4895-CX Registration of dealer should not be insisted where the dealer is indenting dealer and on his instruction goods are directly moving under rule 52A invoice of manufacturer to end use consignee....

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Latest Excise Duty News

Find out all the latest news on Excise Duty here at Taxguru.in. Read all the relevant excise duty notifications and excise duty articles only with Taxguru.

In today’s economic scenario the significance of taxes has increased and it now not limited to being a financial aid for the Governments. The Union or the Central Government imposes several taxes together with their state governments. Some of the taxes are also levied by local Municipalities as well. Excise Duty comes under the taxes which are levied by the Central Government as per the provisions laid out in the Excise Duty Act, Excise Duty Rules and Excise Duty notifications formulated by the Government.

Excise duty is an indirect tax which is levied on goods manufactured in India and are intended for home consumption. Manufacturing of the goods is the taxable event and the excise duty liability arises as and when the goods are produced. Excise duty is a tax on manufacturing that is payable by a manufacturer of goods, who passes the incidence on to their customers. The CBEC (Central Board of Excise and Customs) is the governing authority and it functions under Union Ministry of Finance’s Department of Revenue. Under the power conferred by the Central Excise Act, 1944, the Central Government levies taxes on production or manufacturing of goods. The excise tax rates are stated under the Central Excise Tariff Act, 1985.

At Taxguru, we provide you all the latest news on excise duty together with all the updates and excise duty notifications. We at regular intervals publish excise duty articles and blogs for the benefit of our readers. Get to know all the latest developments in the Excise Tax Act and all the latest amendments at Taxguru. Find out all the excise duty news and updates with respect to excise duty here at Taxguru. We ensure that we bring you all the accurate and comprehensive coverage relating to excise duty in India