CA, CS, CMA : Stay updated with key notifications and circulars on Income Tax, GST, Central Excise, Customs, DGFT, and SEBI issued between 29th ...
CA, CS, CMA : Stay updated with the latest income tax exemptions, GST advisories, customs amendments, and more from the week of 22nd-28th July 2...
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Custom Duty : Govt has issued following notifications related to Excise and Custom duty to give effect to Provisions of Union Budget 2021- ̵...
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Excise Duty : CBIC revises monetary limits for adjudicating show cause notices in Central Excise for commodities under Chapter 24 of Schedule IV...
Excise Duty : Explore Notification No. 17/2024-Central Excise by the Ministry of Finance, Government of India. Detailed amendments, effective fr...
Circular No. 671/62/2002-CX I am directed to say that vide Sl.No 3(b) of Circular No.643/34/2002-CX dt.1.7.2002 it had, inter alia, been clarified that the amount of sales tax that could be deducted from the sale price of a commodity to arrive at the assessable value would be the net sales tax i.e. after deducting the set-off admissible. The manner of calculation was also illustrated in the Circular through an example.
The principal notification No. 6/ 2002- Central Excise, dated the 1st March, 2002 was published in the Gazette of India, vide number G.S.R 127(E), dated the 1st March, 2002 and was last amended by notification No.50/2002 – Central Excise, dated the 25th September, 2002, G.S.R 663 dated the 25th September, 2002.
Circular No. 670/61/2002-CX I am directed to invite your attention to provisions of section 11BB of Central Excise Act, 1944 that wherever the refund/ rebate claim is sanctioned beyond the prescribed period of three months of filing of the claim, the interest thereon shall be paid to the applicant at the notified rate. Board has been receiving a large number of representations from claimants to say that interest due to them on sanction of refund/ rebate claims beyond a period of three months has not been granted by Central Excise formations
Circular No. 669/60/2002-CX In Circular No.657/48/2002-CX dated 5th September 2002 issued from file of even number
Notification No. 34/2002-Central Excise (N.T.) In pursuance of paragraph 2 of the notification of the Government of India, erstwhile Ministry of Finance, (Department of Revenue), No.14/2002-Central Excise (N.T.) dated the 8th March, 2002[( G.S.R. 182 -(E) dated the 8th March, 2002)]the Central Board of Customs and Excise notifies that the said notification shall come into effect on and from the 25th day of October, 2002
Circular No.668/59/2002-CX I am directed to refer to Board’s Circular No.662/53/2002-CX dated 17.9.2002 on Central Excise Registration which details the new procedure for Registration providing inter alia for automatic generation of temporary 15-digit Registration Number for the assessees not having PAN. The new temporary number will be automatically generated by the system on 1.10.2002.
Whereas the Central Government is satisfied that a practice was generally prevalent regarding levy of duty of excise (including non-levy thereof) under Section 3 of the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the Excise Act), on jute intermediates like yarn, thread, rope, twine, etc
Circular No. 667/58/2002-CX It was clarified therein that in the context of notifications which exempt specified goods provided such goods have been made from other goods on which appropriate duty of excise has already been paid, the benefit would be available even if the inputs are exempted from excise duty.
The principal notification was published in the Gazette of India, Extraordinary vide notification No. 6/2002-Central Excise, dated the 1st March, 2002 [G.S.R.127(E), dated the 1st March, 2002] and was last amended by notification No. 47/2002-Central Excise, dated the 6th September, 2002 [G.S.R. 626 (E), dated the 6th September, 2002.
Circular No. 666/57/2002-CX I am directed to say that the Board had issued a Circular No.231/65/96-CX dt.12.7.96 clarifying that assemblies or sub-assemblies of parts of air conditioning machines are different from “parts” and therefore the exemption available to ‘parts’ would not apply to ‘assemblies/sub-assemblies’. This clarification was given in the context of a manufacturer clearing the cooling units and the condensing units of split air-conditioners
