Finance : Property valuation challenges in financial institutions: reliance on hearsay, credit officer bias, and need for standardized revie...
Corporate Law : Discover the complexities of business valuation and the three key approaches: Asset, Market, and Income. Uncover the art of blendi...
Corporate Law : Valuers face two large shocks in proposed amendment. Get insight into CD's worth with fair value disclosure under CIRP Regulations...
Finance : Avoid these common mistakes related to business valuations and ensure the accuracy and reliability of your valuation process....
Corporate Law : Discover the importance of building the valuation profession in the Indian economy. Learn how valuers contribute to financial syst...
CA, CS, CMA : Following is the Exposure Draft of the ICAI Valuation Standard (ICAI VS) 304 Valuation of Assets in the Extractive Industries issu...
Corporate Law : Valuation is the most fundamental term in finance but is extremely crucial to understand while deriving the value. Also, several e...
CA, CS, CMA : Valuation is an exercise which is unique for every transaction and requires efforts, involvement, application of mind and thought ...
Corporate Law : The happenings around the globe in the recent periods have brought about an accentuated appreciation of the implications of changi...
CA, CS, CMA : This Standard prescribes the basis for: (a) determining and documenting the scope/terms of a valuation engagement, responsibilitie...
Corporate Law : IBBI held that addition to the issue related to valid educational qualification, it is to point out that the applicant does not po...
Corporate Law : Applicant had submitted an application under section 247 of the Companies Act, 2013 read with rule 6 (1) of the Companies (Registe...
Excise Duty : The Tribunal has in case of DCW Ltd. v. CCE [2007 (217) ELT 541 (Mad.)] held that “ where onward freight was not includible in t...
Excise Duty : Attention of field formations is invited to Board’s circular No. 813/10/2005-CX dated 25.4.2005 issued from F.No. 6/39/2000- CX1...
Excise Duty : In the aforesaid instructions field formations were directed to decide the cases pertaining to SCNs issued to the Oil companies on...
Outright exemption from special additional duty provided to goods imported in a pre-packaged form for retail sale. This would also cover mobile phones, watches and ready-made garments even when they are not imported in pre-packaged form. The refund-based exemption is also being retained for cases not covered by the new dispensation.
Attention of field formations is invited to Board’s circular No. 813/10/2005-CX dated 25.4.2005 issued from F.No. 6/39/2000- CX1 wherein it was clarified that in the case of free samples, the value should be determined under Rule 4 of the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000.
In the aforesaid instructions field formations were directed to decide the cases pertaining to SCNs issued to the Oil companies on the inter company sale during the relevant period on the basis of the decision of CESTAT, Bangalore in the case of CCE Vishakhapatnam vs HPCL [2005 (187) ELT 479 (Tri.Bang.)] as the SLP filed by the department had been dismissed by the Hon’ble Supreme Court as reported in 2006 (196) ELT A 72 (SC).
The Supreme Court has held that freight and insurance charges are not to be taken into account in determining the value of goods for imposing excise duty. A Bench headed by Justice S B Sinha, while dismissing the Commissioner of Central Excise’s appeal, asked the (Excise) Department to pay Rs 25,000 to a manufacturer of electronic meters, Accurate Meters Ltd, towards the counsel’s fee.
