Excise News

CBEC revises limit of arrest and prosecution to 1 crore

Posted in Excise on 24 October 2015
Central Board of Excise and Customs revises limit for arrest and prosecution substantially upwards ; In cases of outright smuggling or mis-declaration of baggag..

Indirect tax revenue jumps by 32.6 percent

Posted in Excise on 10 October 2015
Indirect Tax Revenue (Provisional) Collections Increase to Rs. 61,284 crore in September 2015 from Rs. 46,224 crore in Spetember 2014 ; Thus an Increase of 32.6..

Conditions for digitally signed invoices in excise and service tax

Posted in Excise on 07 July 2015
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and Customs NotificationNo. 18/2015-Central Excise (N.T.) New Delhi, the 6th ..

Initiatives to Facilitate Trade and Encourage Non-Adversarial Tax Administration

Posted in Excise on 08 November 2014
In the Budget 2014 Honble Finance Minister had announced certain initiatives to facilitate trade and cut trade transaction costs. It is the endeavor of the Indi..

Splitting up of rebate claims to avoid pre-audit-reg

Posted in Excise on 04 November 2014
F. No. 206/05/2014-CX.6Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise CustomsDt: 03.11.2014 ToThe Chief Commissioners of Ce..

Regarding audit by officers of Central Excise

Posted in Excise on 10 October 2014
Circular No. 986/ 10/ 2014-CXdated 09.10.2014 F. No. 206/10/2014-CX.6GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF EXCISE AND CUST..

Excise duty concession on various items extended for 6 month

Posted in Excise on 26 June 2014
FM: Government Extends Duty Concessions on Various Items for A Period of Six Months Beyond 30th June, 2014; Notification to be issued Today In order to provide ..

CBEC Notifies new restrictions to be imposed on delinquent assesses

Posted in Excise on 22 March 2014
CBEC Notifies new restrictions to be imposed on delinquent assesses Under Rule12AAA of the Cenvat Credit Rules, 2004 along with Rule 12CCC of Central Excise Rul..

Chief Commissioner of Central Excise to order withdrawal of facilities or impose the restrictions as specified

Posted in Excise on 22 March 2014
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUENotific..

Seeks to substitute Quarterly return prescribed vide Notification No. 73/2003-Central Excise(N.T.) dt 15.9.2003 by an amended Quarterly Return Form

Posted in Excise on 01 March 2014
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE Notifi..