CA, CS, CMA : A comprehensive review of significant developments across Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI, and RBI. The update hig...
Excise Duty : India reduced excise duty on petrol and diesel to offset rising global crude prices due to geopolitical tensions. The move aimed t...
Goods and Services Tax : Budget 2026 revamps Customs, Excise, and GST to simplify compliance and boost exports. The key takeaway is a trust-based, technolo...
Goods and Services Tax : The Bill introduces relief on post-supply discounts, export taxation, refunds and intermediary services. It also simplifies custom...
Excise Duty : Discover how the Central Excise (Amendment) Act, 2025 revamps tobacco taxation, introducing steep excise duties on cigarettes, che...
Custom Duty : New baggage rules and processing regulations are notified, replacing earlier frameworks and aligning customs procedures for passen...
Excise Duty : A special court imposed five years’ rigorous imprisonment and heavy fines after finding assets far beyond known income. The ruli...
Excise Duty : The FAQs clarify how excise duty on chewing tobacco, jarda, and gutkha will be levied based on packing machine capacity rather tha...
Income Tax : MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2025 FINANCE BILL, 2025 PROVISIONS RELATING TO DIRECT TAXES Introduction...
Custom Duty : Article contains Explanatory Memorandum to Notification Nos. 02 to 12-Customs, dated the 1st February, 2023 and Explanatory Memora...
Excise Duty : CESTAT Hyderabad held that rule 7 of Cenvat Credit Rules, 2004 is just a procedure and procedural lapse cannot be ground to deny t...
Excise Duty : CBIC has amended Notification No. 08/2026-Central Excise to revise the SAED rate on ATF exports outside India to Rs. 12.5 per litr...
Excise Duty : CBIC has amended Notification No. 06/2026-Central Excise to revise the SAED rate on diesel exports outside India to Rs. 14 per lit...
Excise Duty : Notification No. 29/2026-Central Excise grants Nil Agriculture Infrastructure and Development Cess on E22, E25, E27 and E30 petrol...
Excise Duty : Notification No. 28/2026-Central Excise exempts E22, E25, E27 and E30 petrol blends from additional excise duty in the form of Roa...
Excise Duty : Notification No. 27/2026-Central Excise extends Nil special additional excise duty benefits to E22, E25, E27 and E30 petrol blends...
Circular No. 633/24/2002-CX I am directed to enclose copy of Gujarat High Court’s decision dated 22-1-2002 in Ref. No. 1/2001 in case of M/s. Pioneer Silk Mills [2002 (141) E.L.T. 606 (Guj.)] for necessary action at your end.
F.No. 261/27/3/2002- Central Excise-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Circular No.632/23/2002- Central Excise Subject: Storage of duty paid goods belonging to another manufacturer in a warehouse-clarification thereon. I am directed to refer to Board’s Circular No.579/16/2001-CX dated 26.6.2001 which inter alia provides for storage of […]
Circular No.631/22/2002-CX I am directed to invite reference to Board’s Circular No. 614/5/2002-CX dated 31.1.2002 regarding denial of the benefit of Notification No. 8/97-CE dated 1.3.97(as amended) to the export oriented units using imported consumables. It has been brought to the notice of the Board that the field formations are denying the benefit of Notification No.8/97-CE to units using imported consumables with capital goods.
In exercise of the powers conferred by sub-section(1) of section 5A of the Central Excise Act, 1944(1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise ( Goods of Special Importance) Act, 1957 ( 58 of 1957) and sub-section(3) of section 136 of the Finance Act, 2001( 14 of 2001) the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India, in the Ministry of Finance.
Circular No.630/21/2002-CX I am directed to refer to Chapters 7 & 8, relating to exports, of Central Excise Manual, issued by the Board on 1st September 2001 and to say that Board vide Circular No. 6/2002 – Cus dated 23rd January 2002(issued from F.No.450/126/98 Cus.IV) has prescribed that in the case of export goods which are examined by Central Excise/Customs officers and sealed and stuffed under their supervision at a factory or in an approved warehouse
In exercise of the powers conferred by sub-rule (3) of rule 19 of the Central Excise Rules, 2002, the Board hereby makes the following amendment in the Notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 45/2001-Central Excise
Circular No.628/19/2002-CX I am directed to invite your attention to Board’s Circular No.72/88-CX6 dated 4.10.1988 vide which it was directed to issue protective show cause notices to demand duty on cotton yarn on cops/cones consumed captively or sent outside factory premises for conversion into Hank yarn till a final decision in the matter is communicated.
Circular No.627/18/2002-CX I am directed to invite your kind attention to Board’s Circular No.9/83-CX 6 dated 20.6.1983 and Circular No.33/90-CX 8 dated 31.09.1990 vide which monetary limits for pre-audit/post audit of refund and rebate claims were prescribed. Board has been receiving requests for revision in monetary limit of the claims below which selective post audit could take place to enable Audit wings to devote time to more important areas of work.
In exercise of the powers conferred by sub-rule (2) of rule 3 of the Central Excise Rules, 2002, and in supersession of Ministry of Finance (Department of Revenue) notification No. 37/2001-Central Excise (N.T.) dated the 26th June, 2001(G.S.R.466(E), dated 26th June, 2001), the Central Board of Excise and Customs specifies the jurisdiction mentioned in column (3) of the Table I, Table II and Table III below, of Chief Commissioner of Central Excise, Commissioner of Central Excise
Circular No.626/17/2002-CX I am directed to refer to Board’s Circular No. 581/18/2001-CX, dated 29th June 2001, specifying conditions, procedures, class of exporters and places under sub-rule 2 of rule 20 of Central Excise (No.2) Rules, 2001 read with Notification No 40/2001 – Central Excise dated 26th June 2001 dealing with the matter fo warehousing of excisable goods for the purpose of export. In paragraph 2 (2) of the said Circular,
