cases of retail sale of cement under central excise

Pudong New Area, Shanghai, China.

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ieport- Changes in Excise Duties in Budget 2010

In the case of packaged cement manufactured by units other than mini-cement plants, excise duty has been increased from 8% to 10% for cement of declared retail sale price exceeding Rs. 190 per 50 kg bag or Rs. 3800 per tonne.


91.1 The excise duty exemption on watches and clocks of retail sale price not exceeding RS. 500 per piece has been withdrawn. However, an effective basic excise duty of 4% adv. has been prescribed for these goods subject to certain conditions (S. No. 262 of Notification No. 3/2001-CE refers).

CENTRAL EXCISE - World of Technology and Education

The Supreme Court held that sale of telephone instruments would be covered under retail sale and the package would be a retail package. ... opined that rule 57CC would not apply in case of stock transfer as it applies only in case of sale. ... if he is of opinion that an order passed by the Appellate Commissioner of Central Excise under section ...

Excise Duty on Jewellery - A Critique | Indirect Tax

Apr 18, 2016· When excise duty was imposed on jewellery w.e.f. 1 st March 2016, it set in motion a chain of events ranging from rallies to closure of shops. As the protests continued in variety of forms, the Government got into the ring and left no stone unturned to soften the blow. However, there is nothing new in the design.In 2005, Government imposed excise duty on branded jewellery and opened a window ...

EXCISE TARIFF CHANGES Existing Duty New Duty Effective ...

the retail sale price of the goods are not required to be declared under the Legal Metrology (Packaged Commodity) Rules,2011 and thus not declared the duty shall be determined as in the case of goods cleared in other than packaged form No change 12.00% 12.50% 1-Mar-15 12/2015 dt.01.03.15 Excise Duty increased by 0.50%

TIOL - Tax News, GST, Income Tax, Service Tax, Customs ...

Kerala Flood Cess - Will it open the flood gates of litigation? SC''s regional benches - Vice President endorses House Panel report Anti-recession package - Kerala opposes cut in GST rates; suggests reduction in excise duty for petroleum products Intaxicating raids yield huge cash seizure in TN; Benami petrol pumps detected in Meghalaya Relief for Startups - Sec 56(2)(viib) - Limited Scrutiny ...

Valuation of Excisable Goods for the Purpose of Charging ...

# Valuation based on Retail Sale Price (RSP) under section 4A of the Central Excise Act, 1944, which is applicable to excisable goods that are notified by the Central Govt. However, this does not apply tariff values fixed under section 3(2) of the Central Excise Act, 1944 # Value under Section 4 of the Central Excise Act, 1944.

Rapid Revision on Central Excise - My Thoughts on GST

1. DEFINITION OF ―GOODS‖ UNDER EXCISE Based on Sale of Goods Act Goods must be "Movable" Based on UOI V. DCM Goods must be "Marketable" Explanation to Sec. 2(d) of Excise Goods includes any article, material or substance which is capable of being bought or sold for a .

Calculating Excise Duties, Sales Tax, and VAT in Bill Entry

Calculating Excise Duties, Sales Tax, and VAT in Bill Entry This section provides an overview of excise duty, sales tax, and VAT calculation in bill entry and discusses how to review excise duty, sales tax, and VAT details in bill entry.

Rapid Revision on Central Excise - My Thoughts on GST

Further, such prohibitions on sale of physician‟s samples under Drugs Act does not affect the marketability of such samples. Restrictions under Drugs Act cannot affect imposition of excise duty under the Central Excise Act thereby causing loss of revenue. Therefore, physician‟s samples are liable to excise duty. Nicholas Piramal India Ltd ...


The appellant brought and installed in its factory capital goods in the nature of texturing machine on which excise duties to the tune of Rs.4,52,500/- were paid, and therefore, the appellant took credit of the above amount of duty paid on the texturizing machine under Rule 57Q of the Central Excise Rules, 1944 which allowed the credit of ...

Budget 2012: Cement - Cut excise incidence ...

Mar 14, 2012· Till 28-2-2007, specific rate of Excise duty was applicable on cement and thereafter upto 28.2.2011 different rates of Excise duty based on Retail Sale Price were levied for Cement.

Commercial Law Publishers How To Handle Central Excise ...

ContentsPART – IChapter 1 IntroductionChapter 2 RegistrationChapter 3 GoodsChapter 4 ManufactureChapter 5 Liability to Pay Central Excise DutyChapter 6 ClassificationChapter 7 ValuationChapter 8 Maximum Retail Sale PriceChapter 9 AssessmentChapter 10 Provisional AssessmentChapter 11 Date for Determination of Rate of Duty and Tariff ValueChapter 12 Captive .

Budget Changes in Excise Duty in Budget 2015 - 2016 ...

1) All goods falling under heading 2202 [other than mineral waters and aerated waters which attract abatement of 45% and 40% respectively] are being notified under section 4A of the Central Excise Act for the purpose of assessment of Central Excise duty with reference to the Retail Sale Price with an abatement of 35%.

GROUP 1(Central Excise).doc - Google Docs

CHAPTER II. Note that even if rate of customs duty is considered for payment of duty, actually the duty paid by them is Central Excise Duty. The rate of customs duty is taken only as a measure. The EOU unit can sale part of their final products in India at 50% of customs duty or .

Valuation and Job Work under GST - Amazon Web Services

Valuation and Job Work under GST 372 The concepts of ''service'', ''manufacture'' and ''sale'' ... Valuation Provisions under Central Excise Act When activities undertaken by the job-worker result ... liable to pay excise duty, in such case, the said job work operations are exempted from levy of service

Excise Supply Chain Information Management System .

ESCIMS Page 14 of 26 Phase 1: The system will be Piloted covering Central Data Centre, Excise Department, all the Four Public Sector Undertakings/ Corporations engaged in sale of liquor covering their Head Offices and minimum 10 liquor Vends with 6 modules of ESCIMS (1. Country liquor, 2.


WYOMING DEPARTMENT OF REVENUE, EXCISE TAX DIVISION, ... he sales price of every retail sale of tangible personal property within the state."2 "Sale" is defined in relevant part as "any transfer of title or possession in this state for a consideration . . . ." ... Two United States Supreme Court cases are central .

Budget 2016: Cement - Needs a concrete excise duty ...

Jan 27, 2018· The cement industry expects the government to reduce and simplify the tax structure. Currently, excise duty is levied in the form of 12 per cent ad .

Difference Between Excise Duty and Sales Tax ...

Apr 25, 2011· Filed Under: Tax Tagged With: Custom duty, direct tax, Excise duty, Excise duty and sales tax, income tax, sale tax, sales tax, tax, taxes, toll tax, wealth tax About the Author: Olivia Olivia is a Graduate in Electronic Engineering with HR, Training & Development background and has .

Notification No. 10/2003 - Central Excise - Ieport

For the purposes of this notification the "retail sale price" means the maximum price at which the excisable goods in packaged form may be sold to the ultimate consumer and includes all taxes, local or otherwise, freight, transport charges, commission payable to dealers and all charges towards advertisement, delivery, packing, forwarding and the like, as the case may be, and the price is the sole .

Getting Started with Excise for Manufacturers

Excise is provided under authority of the Central Excise Act, 1944 at the rates specified Central Excise Tariff Act, 1985. Scope and Applicability Excise Duty means the tax to be paid by the manufacturer, on the goods manufactured in India, either at the time of manufacture or at the time of removal of the goods.

CA Final: Central Excise Laws Cases Compilation 2009

When Cookies/Biscuits sold to bulk consumers like airlines/hotel industry and law does not require declaration of retail sale price on the package by the assessee specially under the Standards and Measurements Act, there is no reason to assess the product U/s 4A of the Central Excise Act, 1944 i.e. levy of Excise Duty on the Maximum Retail Price.

swamy associates is a through legal ... - Central Excise

Following the judgment of the Madras High Court in the case of Commissioner of Central Excise Chennai-III Vs Visteon Powertrain Control Systems (P) Ltd., an obligation meant to be discharged under a central statute should not be defeated by another statute when services is to be provided in accordance with the provisions of labour welfare ...

Cement manufacturers demand reduction in excise duty ...

Cement manufacturers demand reduction in excise duty. In the budget proposal submitted to the Federal Board of Revenue (FBR), the MA stated that the cement industry is subject to five percent FED and 17 percent General Sales Tax (GST) on retail price. These high taxes come to around Rs95 per bag.

A guide to excise duty changes - Lexology

Jun 19, 2015· A guide to excise duty changes ... Under Section 11A(5) of the Central Excise Act, if during the course of an audit, investigation or verification any duty is found to be unpaid, short levied ...

Central Excises and Salt Act, 1944 (commentary) – Josh and ...

Central Excises and Salt Act, 1944 (commentary) S. 4(2)–Manufacture of cigarettes–Excise duty on–Levy of–Whether "K-2 Plain" and "K-2 Economy" are of same brand/variety for chargeability–Question of–According to Section 4(2) retail price on which duty is chargeable, is fixed by manufacturer as price at which a particular brand or variety...

Price of cement bag to rise by Rs34 under new excise duty ...

KARACHI: The price of cement would go up by Rs34 on a 50-kilogram bag in the wake of a change in the federal excise duty (FED) regime for the commodity, the industry says. Cement is currently ...

Tobacco taxes in WHO Member States

alcohol products, it acts like an excise tax and so was considered an excise in the calculations. The next step of the exercise was to convert all taxes to the same base – in our case, the tax-inclusive retail sale price (hereafter referred to as P). Standardizing bases is important in calculating tax share correctly,

Moving to GST: Can I Avail Input Credit on Closing Stock?

In case of Ravindranath Automobiles I understand the Central excise matters in case of transition but in case Vat credit here is not cleared. That is for 30 remaining stock Input vat remaining with closing stock is Rs.217.5 * 30 = 6525/- Is it will be taken as SGST Credit as on 01/04/2017 if GST is implemented.

Third Schedule to Central Excise Act 1944 - TaxIndiaUpdates In

Third Schedule to Central Excise Act 1944 [See section 2(f)(iii)] Notes. In this Schedule, "heading", "sub-heading" and "tariff item" mean respectively a heading, sub-heading and tariff item in the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986).