· Note-2 In case where area wise different RSP declared on different packages,then,RSP shall be the retail sale price for the purpose of valuation of the excisable goods intended to be sold in the area to which the retail sale price relates. (d ) Compounded levy scheme (Rule 15 of the central excise …
He also proposed to impose penalty under Rule 25(1) of the Central Excise Rules read with Sec.11AC of the Central Excise Act. He submits that exemption notification exempted goods under various heads is as follows: 1. Individual buyers who buy Cement bags for construction of …
OF PROVISION : The Central Excise Tariff Act, 1985; Notification No. 12/ 2012-CE, dated 17.03.2012 The assessee is engaged in manufacturing of Cement and Clinker falling under Central Excise Tariff Chapter Sub heading no. 25232910 and 25231000 of CETA, 1985 respectively. The
Cement: 3.6 The rate structure applicable to Portland cement falling under heading no.252329 has been revised. Both for packaged cement manufactured by mini-cement plants as well as non-mini cement plants, there were differential rates of duty depending on the Retail Sale …
MRP bases duty of Excise - Prescribes rate of abatement. 49/2008-CX., (N.T.), Dated: December 24, 2008. G.S.R. 882(E)-In exercise of the powers conferred by sub-sections (1) and (2) of section 4A of the Central Excise Act, 1944 (1 of 1944) the Central Government, in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 14/2008 ...
APPENDIX - V. ASSESSMENT ON THE BASIS OF MRP (ABATEMENT AS A PERCENTAGE OF RETAIL SALE PRICE). In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 4A of the Central Excise Act, 1944 (1 of 1944) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 5/2001-Central Excise …
The cement was cleared in bags of 50 Kgs each as well as in loose form.They were selling cement to retail customers as well as industrial/institutional consumers (Not for Retail sale bags viz. NFR Bags). They paid excise duty @ Rs.600/- per tonne or 12% ad valorem on clearances made to retail customers depending on the quantity of cement sold.
3.2 Consequent to enhancement of the standard rate, the rates of duty on cement have also been revised upwards suitably. 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.
e) The Central Excise (Determination of Retail Sale Price of Excisable Goods) Rules, 2008 are being issued under section 4A(4) of the Central Excise Act, 1944 to provide the manner for determination of retail sale price, where the same is not declared on the packages or tampered or altered or obliterated.
· Budget 2012: Cement – Cut excise incidence – Business 14 Mar 2012… of Excise duty based on Retail Sale Price were levied for Cement.However in the Union Budget 2011-12 the Excise Duty Rates on Cement … "Declared Goods " under Section 14 of Central Sales Tax Act so that it is put on an … drive, it is requested that Basic Custom Duty rate in case …
· Refills and inks in bulk packs (not meant for retail sale) used for manufacture of pens of value not exceeding ` 200 per piece. The entry „ intraocular lens ‟ has been removed from Si Nos. 115 & 67 of Central Excise Notfn. Nos. 1/2011-CE & 2/2011-CE, both dated 1.3.2011 and will be exempted from Central Excise Duty under CETH 9021.
· NEW DELHI: India could consider offering a one-time settlement to clear legacy central excise duty and value added tax issues to ensure they do not linger and act as a drag in the goods and services tax regime.The GST Council, the apex decision-making body for the tax, will take up the proposal at a meeting on August 4. The scheme, if approved, would allow officials to focus on GST …
Assessment on the basis of MRP (abatement as a percentage of retail sale price): In exercise of the powers conferred by sub-sections (1) and (2) of section 4 A of the Central Excise Act, 1944 (1 of 1944) the Central Government, in supersession of the notifications of the Government of India
Notification No. 04/2007-Central Excise: New Delhi, the 1 st March, 2007 10 Phalguna, 1928 (Saka) ... If the package contains X kg of cement and the declared retail sale price is Rs. Y, ... in case of goods falling under S.C; and (c) at the rate of Rs.600 per tonne in case of goods cleared in packaged form and the retail sale price of such ...
Goods-Clearances made to Depots by Cement Manufacturers:- Issue: Cement in packaged form has been notified under Section 4A of the Central Excise Act, 1944 with effect from 17.3.2012. The assessee affixes a label on the bags removed to its depots clearly stating, meant for industrial/institutional consumer. An audit objection has been
judgement of the Apex Court in the case of N.M. Goel & Co. vs Sales Tax Officer, Rajnandgaon, [1989-(001)-SCC- ... the customs law and central excise law specifically provide that the value of free supplies ... supplies cement, steel and other material to the construction contractor on free of cost basis.
· 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, short paid …
Central excise duty rates on cement and cement clinker are being revised as follows: ... All goods cleared in packaged form,- (i) of retail sale price not exceeding Rs. 190 per 50 kg bag or of per tonne equivalent retail sale price ... as the case may be, and sold under the name as specified in such books or pharmacopoeia (ii) Intravenous ...
Notification No.04/2007-Central Excise dated 01.03.2007 Amendments regarding - Ad valorem rates (NTF. NO. 04/2006-CE, DT. 01/03/2006) ... If the package contains X kg of cement and the declared retail sale price is Rs. Y, then the per tonne equivalent retail sale price = Y*1000/X ... in case of goods falling under S.C; and ...
Central Excise – Cement cleared in bulk to State Housing Corporation whether assessable based on retail sale price – Issue no longer res integra as it was decided in assessees favour by Tribunal in a case where appellant was one of the respondents = 2010-TIOL-1119-CESTAT-BANG – Departmental Representative has not indicated if
· Central excise 1. CENTRAL EXCISECentral Excise is a levy (tax), levied on a commodity (manufactured within the country) by the UnionGovernment by an Act of Parliament (usually in the Finance Bill, in the presentation of the Budget in theParliament, generally on the last working day of February every year) by notifying under a Tariff is an indirect tax paid by the manufacturer, who …
The rate of tax deduction under section 153(1)(a) in case of dealers and sub-dealers of sugar, cement and edible oil as recipient of payment has been reduced to 0.25% of the gross amount of payment. Correspondingly, the rate of minimum under section 113(1) in case of dealers and
· MUMBAI: What''s anathema to one arm of the government appears to be kosher for another. Last December, a Mumbai income tax dispute resolution panel (DRP) allowed Mondelez India Foods, formerly Cadbury India, to claim tax breaks of about Rs 90 crore from 2010 at its chocolate factory in Baddi, Himachal Pradesh. In March 2015, the central excise department had found that the …
3.2 The rate structure applicable to Portland cement falling under heading no.252329 has been revised. Cement manufactured by units other than mini-cement plants and cleared in a packaged form was chargeable to Central Excise duty either at specific rates or ad valorem rates depending on the retail sale price per 50 kg bag.
under sub-section (2) of section 3 of the Central Excise Act, 1944 (1 of 1944), the value of the imported article shall be deemed to be such tariff value. Explanation. — Where on any imported article more than one retail sale price is declared, the maximum of such retail sale price shall be deemed to be the retail sale …
· The circular takes note of the judgments in case of In case of Raj Oil Mills Ltd. vs. Commissioner, Central Excise [2014 (314) ELT 541/2013-TI0L- 1609-CESTAT], where Hon''ble Tribunal held that edible Coconut Oil in retail packing of 200 ml or less is classifiable under Chapter 15 covering Animal or Vegetable Fats and Oils and not under ...
11/2000-Central Excise) MRP BASED EXCISE LEVY 1. Section 4A of the Central Excise Act, 1944 is being. amended so as to provide an explanation that in cases where. different retail sale prices are declared on different. packages for sale in different areas, then each such retail
A case of evasion of products and repair Tax has come to light in KJS Cement India Limited.A team of Central GST, Central Excise, and Director General of GST Intelligence based at Prayagraj investigated the company''s GST plant at Maihar in Madhya Pradesh and caught a GST theft of Rs 17.2 crore.After this action, the cement warehouse at Rewa Road in Naini, Prayagraj has been sealed.
· Section 4A Valuation Under Excise Laws. 1. 4A of Central Excise Act – Retail Sale Price Based Duty Introduction: After duty liability is established and after the product is correctly classified, the next question is what the excise duty payable is? Excise Duty is payable on one of the following basis: Specific duty (based on weight, length ...
· Excise duty of 2% (without Cenvat credit) or 12.5% (with Cenvat credit) levied on readymade garments and made up articles of textiles falling under Chapters 61, 62 and 63 (heading Nos. 6301 to 6308) of the Central Excise Tariff except those falling under 6309 and 6310 of Retail Sale Price (RSP) of Rs. 1000 and above when they bear or are sold ...
The Commissioner of Central Excise, Customs and Service Tax, Calicut Vs. M/s. Cera Boards and Doors, Kannur Kerala: 19/08/20: Deccan Paper Mills Co. Ltd. Vs. Regency Mahavir Properties: 19/08/20: Rhea Chakraborty Vs. State of Bihar: 19/08/20: Ghanshyam Upadhyay Vs. State of Uttar Pradesh: 19/08/20: Mohd. Anwar Vs. State of NCT of Delhi: 18/08/20
under Section 4 of Central ExciseAct, 1944, and the manufacturer ispaying duty on the transaction value under Section 4 instead of under Section 4A of said Act (MRP based assessment). The sponsoring zone was of the view that the said products are liable for assessmentunderSection4A(MRPbasedassessment)inview ofSerialno.40of notification
Central Excise Department, or any person (including an officer of the State Government) invested by the Central Board of Excise and Customs constituted under the Central Boards of Revenue Act, 1963 (54 of 1963) with any of the powers of a Central Excise Officer under this Act.
Cement in packaged form has been notified under Section 4A of the Central Excise Act, 1944 with effect from 17.3.2012. The assessee affixes a label on the bags removed to its depots clearly stating, "meant for industrial/institutional consumer".
