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CBEC Circular to Reduce Litigations – An Overview

  06 Mar 2018   3 comments
Central Board of Excise and Customs has issued circular No.1063/2/2018-CX dated 16.02.2018, wherein this compiles sixty three orders of Supreme Court, High Courts and CESTAT on the various issues relating to Central Excise, Service Tax and Cenvat Credit has been accepted by the department. This is an exercise has been under taken by the B...
Posted Under: Excise Duty |

Summary of recent Circular by CBEC to reduce Litigation

  18 Feb 2018   1 comment
CBEC Circular No. 1063/2/2018-CX dt 16th Feb 2018 is running into 29 pages covering as many as 63 orders. Most of the issues related to clandestine removal, Cenvat credit, Usage of goods under advance authorization, Refunds, Limitation of time, Valuation etc....
Posted Under: Excise Duty |

CBEC: The root cause analysis of corruption reveals interpretation: Part 2

  12 Feb 2018   0 comment
Why the Comptroller & Auditor General (CAG) does not raise audit objections or take cognizance thereof even when it is absolutely clear that somebody has indulged into corrupt interpretation to ensure benefit in a very veiled manner. Can the corrupt interpretations be ignored & no action ever taken?...
Posted Under: Excise Duty |

CBEC: The root cause analysis of corruption reveals interpretation- Part I

  08 Feb 2018   2 comments
The way interpretation is practiced by the miraculous Indian bureaucracy to cheat the Indian citizens in numerous ways on everyday basis. They make a foolish law & then foolishness perpetuates in terms of interpretation to harass the assesses to no end & you may complaint right up to the Cabinet Secretary or the minister but to no avail. ...
Posted Under: Excise Duty |

Budget 2018 Exhaustive Analysis of Changes in Excise Duty

  01 Feb 2018   2 comments
Chapter 24: No change. Chapter 27: 1) A Road and Infrastructure Cess, as an Additional Duty of Excise, is being imposed on motor spirit commonly known as petrol and high speed diesel, falling under heading 2710, at the rate of Rs. 8 per litre. [Clause 110 read with the Sixth Schedule of the Finance Bill, […]...

37 Pre-Budget 2018 Suggestions on Indirect Taxes Other than GST

  20 Jan 2018   0 comment
The Institute of Chartered Accountants of India (ICAI) considers it a privilege to submit the Pre-Budget Memorandum, 2018 on Indirect Taxes other than GST to the Government of India....
Posted Under: Excise Duty |

CBEC: Manipulative law & devious interpretation cannot be hallmark of a just taxation regime

  25 Dec 2017   2 comments
The law needs to be transparent & implemented in a just manner & there are no two ways about it. However, the miraculous Indian bureaucracy does not believe in this basic tenet. The law is written in such a difficult manner that the lawmakers in themselves are not clear that what is the true intention […]...
Posted Under: Excise Duty |

Analysis of Scheme of budgetary support under GST Regime

  01 Dec 2017   1 comment
♠ The new scheme is offered, as a measure of goodwill, only to the units which were eligible for drawing benefits under the earlier excise duty exemption/refund schemes. ♠ All such notifications have ceased to apply w.e.f. 01.07.2017 and stands rescinded on 18.07.2017 vide Notification No. 21/2017-Central Excise dated 18.07.2017....
Posted Under: Excise Duty |

CENVAT credit on deposits insurance – Banks v/s Departments

  20 Mar 2017   1 comment
Banks are registered under service tax in the category of Banking and Financial Services. They collect and pay service tax on its various incomes such as commissions, bank charges, documentation charges, processing fees etc. levied on its customers....
Posted Under: Excise Duty |

Refund of Swatch Bharath Cess: A new area of Litigation

  17 Mar 2017   3 comments
Department is looking forward for GST and field formations have been instructed to adjudicate pending cases as early as possible, a new bunch of litigations started propelling in the form of rejecting the S B Cess refunds. May the CBEC issue instructions in this regard to in the form of clarification to settle things right....
Posted Under: Excise Duty |

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