HomeCategory Cenvat Credit Availment in Service Tax and Excise

Circular No. 1003/10/2015-CX Dated 05.05.2015 F.No.267/29/2015-CX-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ************ Sub: Clarification regarding Cenvat Credit in transit sale through dealer – reg. Kind attention is invited to Notification No. 8/2015 – Central Excise (NT) dated 1-3-2015 amending Central Excise Rules, 2002 (CER). Representations...

Issue The assessees other unit sent them the inputs as such, on payment of duty under transaction value. The respondent availed credit on the inputs accompanied with the Central Excise invoices. The adjudicating authority observed that the supplier of the inputs should have paid duty on the amount, they initially availed the credit Pleaded Shri...

The Notification No. 12/2015-C.E(N.T) has created a havoc in the industry as to what to do with the unutilized Cess lying as on 28.02.2015 i.e before 01.03.2015. Before attempting on this issue , I must share that the sole intention behind issuance of this notification had been only for allowing utilization credit of unutilized cess...

Finally, the fate of unutilised Education Cess and Secondary and Higher Education Cess lying in balance has been decided . I had taken categorically in my article published in E.L.T on page A 211 in Part 4 of Vol.318 (April 2015 ) that I strongly feel that a specific provision shall be made for its...

Budget 2015 resulted a definition of Exports via Clause (1A) in Explanation 1 to Rule 5 of the Cenvat Credit Rules, 2004 ,( Notification No. 06/2015-C.E. (N.T.) dtd 01.03.2015 ) “(1A) “export goods” means any goods which are to be taken out of India to a place outside India“. Also Rule 18 of the Central...