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I am directed to refer to Boards letter No. 6/39/2000-CX.I dated 1.7.2002 clarifying certain points relating to the Central Excise Valuation (Determination of Price of Excisable Goods) Rules,2000.
In the CENVAT Credit Rules, 2004, in rule 6, in sub-rule (3), in clause (a), after sub-clause (vii), the following sub- clauses shall be inserted
If the assessee fails to pay the amount of duty by due date, he shall be liable to pay the outstanding amount along with interest at the rate specified by the Central Government vide notification under section 11AB of the Act on the outstanding amount, for the period starting with the first day after due date till the date of actual payment of the outstanding amount
I am directed to refer to Circular No. 784/17/2004-CX dated 30.04.2004 on the above subject which directed the field formations to keep show cause notices pertaining to above issue pending until the department’s SLP was finally decided by the Hon’ble Supreme Court
Whereas the Central Government is satisfied that chassis fitted with engines, for the motor vehicles, whether or not fitted with a cab, should be classified and levied to the rates of duty in force till 27th February, 2005 for Heading No. 8706 even after the coming into effect of Central Excise Tariff (Amendment) Act, 2004 (5 of 2005.
In this year’s budget 2005-06, an excise duty of 2% has been imposed on branded articles of jewellery of heading 7113 of the Central Excise Tariff. The duty is leviable only if the brand name or the trade name, as defined, is indelibly affixed or embossed on the article of jewellery itself.
Notification No. 16/2005-Central Excise (N.T.) In the CENVAT Credit Rules, 2004, in rule 5, for the Explanation, the following Explanation shall be substituted, namely:-
The said Circular was quashed by the Hon’ble High Court of Delhi side its order dated 21. l l .2003 holding that these processes would not amcunt to manufacture. Department’s appeal filed against Delhi High Court Order b.as been dismissed by Hon ‘ b1e Supreme Court.
The principal notification No. 42/2001-CE(NT) dated 26th June, 2001 was published in the Gazette of India Extraordinary, vide number G.S.R. 471(E), dated the 26th June, 2001 and was last amended vide notification No. 32/2004-Central Excise (N.T.), dated the 29thOctober, 2004, vide number G.S.R. 719(E), dated the 29th October, 2004
Notification No. 14/2005-Central Excise (N.T.) New Delhi, dated the 1st March, 2005. G.S.R. (E).- In exercise of the powers conferred by sub-rule (2) of rule 9 read with rule 33 of the Central Excise Rules, 2002, the Central Board of Excise and Customs, on being satisfied that it is necessary and expedient in the public […]
