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I am directed to say that Board’s attention has been drawn to treatment of CENVAT credit balance lying unutilized at the end of the financial year in Income Tax returns by the manufacturers of excisable goods which would provide possibility of availing unintended double benefit both under Central Excise and Income Tax law.
In exercise of the powers conferred by clauses (i) and (ii) of section 133 of the Finance Act, 2002 (20 of 2002), the Central Government hereby further amends the notification of the Government of India in the Ministry of Finance
In exercise of the powers conferred by sub- section (1) of section 5A of the Central Excise Act,1944 (1of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act 1957 (58 of 1957), the Central Government, being satisfied that it is necessary in the public interest so to do.
I am directed to refer to Board’s circular No. 781/14/2004-CX dated 23rd March, 2004 on above mentioned subject and to say that the matter is under further examination. Circular No. 781/14/2004-CX dated 23rd march 2004 may be treated as withdrawn.
I am directed to invite your attention to notification No. 43/2001-CE (NT) dated 26.6.2001 as amended issued under rule 19(3) read with rule 19(2) of Central Excise Rules, 2002 wherein procurement of excisable goods without payment of duty for the purpose of use in manufacture or processing of export goods and their exportation out of India has been provided subject to the conditions, safeguards and procedures mentioned therein.
principal notification was published in the Gazette of India, Extraordinary, vide notification No. 64/95-Central Excise, dated the 16th March,1995 [G.S.R. 256(E), dated the 16th March,1995] and was last amended by notification No. 15/2004-Central Excise, dated the 27th February, 2004 [G.S.R. 153(E), dated the 27th February, 2004.
Notification No. 7/2004-Central Excise (N.T.) Dated: 11/03/2004 G.S.R. 187(E).In exercise of powers conferred by clause (b) of section 2 of the Central Excise Act, 1944 (1 of 1944) and rule 3 of the Service Tax Rules, 1994, read with clause (4) section 65 of the Finance Act, 1994 (32 of 1994), the Central Board of […]
Authority for Advance Rulings (Customs & Central Excise) rejected the application filed by M/s.Shonkh Technologies International Ltd., NIRMAL seeking advance ruling as to whether the process proposed to be undertaken by the applicant company amounts to manufacture under Section 2(f) of the Central Excise Act, 1944 or not, at the stage of preliminary hearing itself.
I am directed to refer to para 87 of Manual of Departmental Instructions on Petroleum products in which, inter-alia, it has been stated that for measurement of Mineral Oil by volume, the volume reduction factor may be obtained by using table No. 54 of ASTM/IP with reference to Tank temperature and the density at 15 C as obtained from table No. 53 of ASTM/IP. In this connection
In exercise of the powers conferred by clauses (i) and (ii) of section 133 of the Finance Act, 2002 (20 of 2002), the Central Government hereby further amends the notification of the Government of India in the Ministry of Financ
