ca ipcc excise duty notes
Constitutional Provisions :
Article 246 - Schedule Vii - List I Union List- Entry 84
Levy :
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
Applicability
Whole India Including Jammu & Kashmir
Code Excise Duty Alphabet ‘E’ Comes Before Alphabet ‘J’ ( Jammu )
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
No Excise Duty On
Goods Manf. In Sez
Goods Given As Free Samples : Excise DutyVat Cst Service Tax Customs
Classification Of Goods :
Goods Given As Free Samples : Excise Duty
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
Best notes for quick revision , please upload similar notes of VAT CST CUSTOMS SERVICE TAX OF IPCC
ReplyDeleteVery useful for revision during exams by covering imp. Concepts
ReplyDeleteHi. , 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
ReplyDeleteNice one please upload the same for SERVICE TAX also
ReplyDeleteGood analysis..
ReplyDeleteGOOD MORNING VINAY
ReplyDeleteCan you please send me this file in PDF format to take printout for study purpose
geeva123@gmail.com
Please upload notes in pdf format for this and vat cst customs also
ReplyDelete����
ReplyDelete