Saturday, November 19, 2016

ca ipcc excise duty notes


Constitutional Provisions :   

                  Article 246 -  Schedule Vii - List I Union List- Entry 84

Levy :
 
                 On Manufacture Of Goods Only

Goods :

Includes : Tom - Tobacco - Other Goods – Medicinal And Toilet Preparations Containing Alcohol
Excludes : H-Nodl    Indian Hemp –Narcotics - Other Narcotic Drugs – Drugs – Liquor ( Alcohol )

Applicability
 
       Whole India Including Jammu & Kashmir

Code Excise Duty Alphabet ‘E’ Comes Before Alphabet ‘J’ ( Jammu )         
 
Types Of Duties And Rate

Type Of Duty
Section
Rate
Applicable For
Basic Excise Duty
3(1)(A) Of Cea
12.5 %
All Goods
Nccd
136 Of Fa 2001
1%
Panmasala , Brandeed Chewing Tobacco , Cigaretees , Crude Oil , Mobiles
Addl. Excise Duty
85 Of Fa 2005
10%
Panmasala & Certain Specified Tobacoo Products

Territorial Boundaries :
 
Whole India + Continental Shelf & Exclusive Economic Zone ( Upto 200 Nm )

No Excise Duty On
Goods Manf. In Sez
Goods Given As Free Samples : Excise Duty  Vat Cst Service Tax Customs

Classification Of Goods :
 

Determination Of Rate Of Duty


Levy ( On Manufacture )
Collection ( On Removal )
Applicable Rate
All Types Of Duties ( Including Non Dutiable , Exempted , 0 % )
 7% (Say )
Rate On Date Of Removal
I.E., 7%
Non-Excisable Goods
7% (Say )
No Duty


No Cenvat Credit If Goods Manf.  In The Brand Name Of Other Person

Price Cum Duty :
Cases  Assee  Collected
1. Less Duty   
2. No Duty 
3. Not Recoverable  
4. Paid Duty On Lesser Value
Assessable Value Incase Of Price Cum Duty = Price Actually Paid * 100 / 1 + R

Payments


Returns (Electronically Only)

Form
Assessee
Period
Due Date
Er 1
Other Than Ssi
Monthly
10th Day Of Ffollowing Month
Er 3
Ssi
Quarterly
10th Day Of Ffollowing Quarter
Annual Return
All
Annualy
30th November Of Fy

B.VINAY REDDY

8 comments:

  1. Best notes for quick revision , please upload similar notes of VAT CST CUSTOMS SERVICE TAX OF IPCC

    ReplyDelete
  2. Very useful for revision during exams by covering imp. Concepts

    ReplyDelete
  3. Hi. , MR.B VINAY REDDY , I APPRECIATE FOR YOUR SMART PRESENTATION OF EXCISE DUTY IN CHARTS FORMAT , CAN YOU PLEASE UPLOAD THIS IN PDF FORMAT SO THAT EVERYONE CAN DOWNLOAD AND CAN USED FOR REVISION NOTES

    ReplyDelete
  4. Nice one please upload the same for SERVICE TAX also

    ReplyDelete
  5. GOOD MORNING VINAY
    Can you please send me this file in PDF format to take printout for study purpose
    geeva123@gmail.com

    ReplyDelete
  6. Please upload notes in pdf format for this and vat cst customs also

    ReplyDelete

Copyright © 2015 Accounting & Taxation All Right Reserved
Subscribe by Email Get Free Updates
Don't Forget To Join US Our Community
×
blogger