CA, CS, CMA : A comprehensive review of significant developments across Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI, and RBI. The update hig...
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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...
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Circular No. 254/88/96-CX I am directed to draw your attention to Board”s Circular No. 6/91 dated 11.4.91 wherein it was clarified that wax coated canvas cloth would merit classification under heading 59.06 of the Central Excise Tariff if there is formation of visible layer on the surface of the fabric and not merely a change of colour or some residue. If, on the other hand, there is no visible layer formation
Circular No. 252/87/96-CX I am directed to refer to the above mentioned subject and to say that the instructions contained in the letter F.No. 585/7/96 dated 29.8.96 of the Director General of Inspection, Customs and Central Excise, New Delhi (which has already been communicated to you) should be strictly followed.
Circular No. 252/86/96-CX Representations have been received by the Board regarding difficulties faced by the manufacturers in documentation where a consignment of capital goods like heavy machinery etc. which are first assembled by the manufacturer and are later dis- assembled only for the convenience of transport is loaded in more than one vehicle and travel separately.
Circular No. 251/85/96-CX In the Finance Act of 1996, definition of “place of removal” has been amended to included depot, consignments agent or any other place or premises from where the goods are sold by or on behalf of the assessee within its scope. However, time of removal for these other places of removal added in Section 4 shall be deemed to be the time at which such goods are cleared from the factory
Circular No. 250/84/96-CX-6 Attention is invited to the d.o. letter F.No. D-21019/6- Modvat/ 95/CC- CBEC dated 15th January, 1996, of Shri P.R.V. Ramanan, J.S. (Customs) addressed to all Commissioners of Central Excise. It is observed however, that only a few Commissionerates have issued Trade Notices following the same.
Circular No. 249/83/96-CX As in the past, every assessee is required to file, as per the prescribed frequency, (i.e. Quarterly for SSI units and Monthly for others) a return in the from of RT-12, which shall be accompanied by two copies of extracts of PLA and one copy of RG-23 Part- I & Part-II.
Circular No. 248/82/96-CX I am directed to refer to notification No. 30/88-CE which prescribes concessional rate of duty of central excise of 10% for P or P medicaments falling under heading No. 30.03 of the Schedule to Central Excise Tariff and containing specified drugs given in the Annexure to the notification.
Circular No. 247/81/96-CX I am directed to say that doubts have been expressed as to whether the process of tinting of duty paid base white paid base white paint with duty paid stainer to obtain paint of different shades amounts to different shades amounts to manufacture within the meaning of Section 2(f) of the Central Excise Act, 1944.
Circular No. 246/80/96-CX I am directed to refer to erstwhile notification No. 75/94-CE dated 1.3.1984. Gases falling under Chapter 27, 28 or 29 produced in a factory and allowed to escape in the atmosphere by flare system or otherwise were exempt from excise duty vide S.No. 14 of the notification.
Circular No. 245/79/96-CX Issue is drawn ot Para 3 of ALC Circular No. 4/96 dated 14.5.96 and Policy Circular No. 10/96 dated 1.8.96 issued by the Directorate General of Foreign Trade. It is provided, inter alia, that if against export of any resultant product more than one input has been allowed in the alternate under the standard input-output norms (for example Bars/ Billets), the credit may be given on the input actually used
