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CENTRAL EXCISE by s.jaikumar advocate

CENTRAL EXCISE by s.jaikumar advocate. MANUFACTURE. Section 2 (f) Deemed manufacture. Third schedule. VALUATION. Section 4 – Transaction Value. SECTION 4 & Valuation Rules. Rule 4 - Comparable goods. Rule 5 - Freight and Insurance. Rule 6 - Additional consideration.

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CENTRAL EXCISE by s.jaikumar advocate

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  1. CENTRAL EXCISE bys.jaikumaradvocate

  2. MANUFACTURE • Section 2 (f) • Deemed manufacture. • Third schedule.

  3. VALUATION Section 4 – Transaction Value

  4. SECTION 4 & Valuation Rules • Rule 4 - Comparable goods. • Rule 5 - Freight and Insurance. • Rule 6 - Additional consideration. • Rule 7 - Depot clearance. • Rule 8 - Captive consumption. • Rule 9 - Related person. • Rule 10 - Interconnected undertaking. • Rule 10A – Jobwork. • Rule 11 - Best judgement

  5. SECTION 4 A • Weights and Measures. • OE Exemption. • Different MRP.

  6. EXPORTS • Exports without payment of duty. • Exports under claim for rebate. • Protection of Cenvat Credit.

  7. JOB WORK • Excise vis-à-vis service tax. • Notification 214/86. • Rule 4 (5) (a) of CCR, 2004. • Protection of Cenvat Credit. • Valuation.

  8. POWERS OF C.EX. OFFICERS • Search & Seizure. • Summon. • Arrest. • Publication of names.

  9. APPELLATE / OTHER REMEDIES • Commissioner (Appeals). • CESTAT. • Settlement Commission. • Pre deposit. • Compounding.

  10. PENAL MEASURES • Various penalties. • Provisional attachment of property. • Prosecution.

  11. LTU • Transfer of inputs. • Transfer of credit. • Transfer of manufactured goods.

  12. CERTAIN PROCEDURAL ISSUES • Self-assessment. • Provisional assessment. • Due date for payment of duty. • Consequences of delayed payment. • Filing of returns. ER 1/ ER 4 / ER 5 / ER 6 / ER 7. • Supplementary invoices.

  13. THANKS

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