Goods and Services Tax : I have identified certain common mistakes in GST compliance, few of them are summarized below. The intention is to highlight comm...
Goods and Services Tax : After one year of GST implementation in India, one can observe that law of GST is based on law of central excise and service tax w...
Goods and Services Tax : This being the first financial year since GST implementation, it becomes important to understand the legal provisions under GST la...
Excise Duty : Manas Joshi Central Excise Duty is one of the oldest tax in India having history of more than 70 years, but still we are finding i...
Service Tax : As you all are aware that as per the general principle of service tax law, the liability to pay service tax lies on the service pr...
The Hon’ble Supreme Court in its decision dated January 14, 2013 in the case of CCE v/s M/s Australian Foods India (P) Ltd. held that even though goods manufactured by Small Scale Industries (SSI) do not physically bear brand name or logo but such manufactured goods are sold from branded sale outlets,
A manufacturer can import capital goods under the provisions of IGCR. However, a situation may come where a manufacturer is required to re-export the imported capital goods may be “as such” or after using for some period. In such a case, a manufacturer needs to obtain permission from the Assistant / Deputy Commissioner of Central Excise to re-export such capital goods. While giving re-export permission, it is observed that the Excise Department is asking such manufacturer not only to pay basic customs duty which was saved at the time of import along with interest but also to reverse Cenvat Credit availed on CVD and SAD paid.
