Category: Excise

Demands and Penalties

• If duty is short paid or not paid or erroneously refunded, show cause notice can be issued u/s 11A(1) of CEA within one year from ‘relevant date’. • In case of allegation of...

Other procedure in Central Excise

Some procedures are basic, which every assessee is required to follow. Besides, some procedures are required to be followed as and when required. Basic Procedures (1) Every person who produces or manufactures excisable goods,...

Excise on small scale industries

Small Scale Industries The contribution of Small Scale Sector in the industrial growth of the Indian economy and to the Gross Domestic Product is significant, besides the potential for employment generation. Keeping this into...

Assessment under Central Excise Law

The expressions ‘assessment’ and ‘assessee’ have been defined in the Central Excise Rules, 2002. Assessment, as per Rule 2(b), includes self-assessment of duty made by the assessee and provisional assessment under Rule 7 of...

MRP based valuation

Same product partly sold in retail and partly in wholesale – CBE&C has further clarified in circular No. 737/ 53/2003-CX dated 19-8-2003 that when goods covered u/s 4A are supplied in bulk to large...

Valuation in case of Job work – Rule 10A

MEANING OF JOB WORKER Job-worker means a person engaged in the manufacture or production of goods on behalf of a principal manufacturer, from any inputs or goods supplied by the said principal manufacturer or...

Valuation rules to determine assessable value

As per Section 4(1)(b) of the Central Excise Act, if ‘Assessable Value’ cannot be determined u/s 4(1)(a), it shall be determined in such manner as may be prescribed by rules. Under these powers, Central...

Value based on Retail Sale Price (MRP)

Section 4A of CEA empowers Central Government to specify goods on which duty will be payable based on ‘retail sale price’. The provisions for valuation on MRP basis are as follows : (a) The...

Transaction Value under the Central Excise Act

For applicability of transaction value in a given case, for assessment purposes, certain essential requirements should be satisfied. If anyone of the said requirements is not satisfied, then the transaction value shall not be...