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Whether Rebate under Rule 18 of Central Excise Rules can be claimed along with Advance authorisation
Rebate: The provision to claim rebate is governed by Rule 18 of the Central Excise Rules,
2001. As per the Rule, the rebate may be claimed for
- Duty paid on inputs used in the manufacture of final products which are exported
- Duty paid on final products which are exported
An exporter may claim only one of the options out of two above.
Generally second option is followed under which the manufacturer exporter can opt for rebate of excise duty paid on...
Read moreClarification with respect to eligibility of Cenvat Credit - Transit sale by dealer
In budget 2015-16 One of the amendments made to rule 11(2) od central excise rules, 2002 by way of notification no. 8/2015 - CE (NT) dated 01.03.2015 applicable w.e.f 01.03.2015. The amendment as follows
“Provided also that if the goods are directly sent to any person on the direction of the registered dealer, the invoice shall also contain the details of the registered dealer as the buyer and the person as the consignee, and that person shall take CENVAT credit on the basis of the...
Read moreService Tax Return Scrutiny: How to Combat
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Service Tax has been most targeted area of Central government for garnering revenue and |
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it has been constantly undertaking measures to pluck the revenue leakage. One such measure has been taken by issuing detailed manual scrutiny norms of Service Tax Returns vide Circular No. 185/4/2015-ST. Paper writer has made an attempt to analyse new provisions in the scrutiny norms and how small taxpayers can guard themselves against... |
Cenvat credit of Clean Energy Cess paid
Introduction
Finance Minister announced for imposition of Clean Energy Cess as a duty of excise on coal, lignite and peat which come into force from 1st July, 2010. Notification No.1/2010-CE (Clean Energy Cess) dated 22.06.2010 was issued for this purpose. Clean energy cess would be imposed on coal produced in India or when imported into India from other countries. This is in line with the principle of "polluter pays", which are the basic guiding criteria for pollution management.