Central excise act 1944 study material

Ii a indicating amount of duty in the price of goods, etc. Aug 06, 2018 therefore, in the light of the decision of this tribunal in the case of ms chate coaching classes pvt. In exercise of the powers conferred by subsection 1 of section 5a of the central excise act, 1944 1 of 1944, the central government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods falling under the chapter, heading, subheading or tariff item of the first schedule to the central excise. They both talk about valuation of goods, with detailed explanation. I of 1944 24thfebruary, 1944 an act to consolidate and amend the law relating to 1 duties of excise and to salt. Section 2f of the central excise act, 1944 cea defines manufacture as. Statement of objects and reasons vide gazette of india, 1943, partv, page 243. Buy the central excise act, 1944 by pdf online from company secretary. Excisable goods under central excise act,1944 section 2d of central excise act,1944. As per explanation to sec 2d of the central excise act,1944 goods, includes any article, material or substance which is capable of being bought and sold for a consideration and such goods shall be deemed to be marketable.

Jain afterscho o ol centre for social entrepreneurship sivakamu veterinary hospital road bikaner 334001 rajasthan, ind slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. For the purposes of this clause, goods includes any article, material or substance which is capable. Goods producedmanufactured in india are liable to excise duty. Download free sample and get upto 30% off on mrprental. Cbic is planning to release rfp for selection of vendor for running of service centre at select edi sites. Jain afterscho o ol centre for social entrepreneurship sivakamu veterinary hospital road bikaner 334001 rajasthan, india.

Section 2 definitions central excise act, 1944 late tribunal constituted under section 129 of the customs act, 1962 52 of 1962. Scheme was made applicable to inputs and packing material only. Amend the law relating to central duties of excise. As per section 2f of central excise act, 1944 cea, manufacture includes any process. The customs, excise and service tax appellate tribunal, allahabad bench has observed that the sale of study materials by a registered coaching centre would not attract service tax as the same had already been subjected to vat. Central excise act 1944 chapter ii levy and collection. However in more recent times, the central excise act, 1944 which prior to 1996, was known as the central excises and salt act 1944 is the main law relating to duties of excise on goods manufactured or produced in india and on salt.

In reference to this, a prerfp meeting shall be organized virtually with prospective bidders on 18052020 monday at 1500 hrs. The appellant, a service provider and engaged in the selling of healthcare, lifestyle, homecare, personal care products through network marketing, also engaged in. Search in central excise act, 1944 1 third schedule. As per explanation to section 2d of the central excise act, 1944, excisable goods means those goods specified in the schedule to central excise tariff act, 1985 as being subject to duty of excise and includes salt. Central excise act 1944 chapter iia indicating amount. The central government may, by notification in the official gazette, specify any goods, in relation to which it is required, under the provisions of the standards of weights and measures act, 1976 60 of 1976 or the rules made thereunder or under any other law for the time being in force, to declare on the package thereof the retail sale price of such goods, to which the provisions of sub. Supra, the amount collected by the appellant by selling of study material is not taxable service under the finance act, 1944. The legislation provides for the parameters for levy of duty like when it is to be charged, how the goods are to be valued for the purpose of duty, how the duty would be regulated and administered such as provisions for discharge of excise liability, filing returns, powers. The basic act which provides the constitutional power for charging of duty,valuation, powers of officers, provisions of arrests, penalty, etc.

This classifies the goods under 96 chapters with specific codes assigned. Cenvat credit rules, 2004 the law of central excise. In this chapter, unless the context otherwise requires. Sale of study materials by coaching centres would not attract. Dec 15, 2011 today, im going to discuss such two sections of central excise act, 1944.

Whereas it is expedient to consolidate and amend the law relating to 1 duties of excise on goods manufactured or produced, and services. Notwithstanding anything contained in this act or any other law for the time. Price of goods to indicate the amount of duty paid thereon. Excisable goods under central excise act,1944 cakart. Duties specified in first schedule and the second schedule to the central excise tariff act, 1985 to be levied. Download the central excise act, 1944 by pdf online. Every notification issued under subrule 1, and every order made under subrule 2 of rule 8 of the central excise rules, 1944, and in force immediately before the commencement of the customs and central excise laws amendment act, 1987 shall be deemed to have been issued or made under the provisions of this section and shall continue to have the same force and effect after such commencement until it is amended, varied, rescinded or superseded under the provisions of this section. Questions of central excise act b com notes edurev. To collect excise duty on manufactured goods more conveniently. Export procedures central excise act,1944, indirect tax laws, pdf, levy part 3 central excise act,1944, indirect tax laws, questions of central excise act b com notes edurev, mock tests for examination, semester notes, previous year questions with solutions, destruction of goods central excise act,1944, indirect tax laws, extra. Excisable goods under central excise act, 1944 section 2d of central excise act, 1944. For levy of excise duty, an article manufactured or produced in india must result in goods. Explanation to section 2d provides that goods include any article material or. Export procedures central excise act, 1944, indirect tax laws, pdf, levy part 3 central excise act, 1944, indirect tax laws, questions of central excise act b com notes edurev, mock tests for examination, semester notes, previous year questions with solutions, destruction of goods central excise act, 1944, indirect tax laws, extra.

Provided that the officers appointed under the central excise act, 1944 shall be deemed to be the officers appointed under the provisions of this act. This is the basic law related to the levy and collection of duties of central excise. The manufacturer shall be given an opportunity of being heard in respect of any material gathered on the basis of the audit under subsection 1 and proposed to be utilised in any proceeding. However in more recent times, the central excise act, 1944 which prior to 1996, was known as the central excises. Union government has power to under article 246 of constitution to make rules and amendment in the excise duty laws. This act may be called the central excise act, 1944. Monopolies and restrictive trade practice act 1969. Central excise is a levy tax, levied on a commodity manufactured within the country by the union government by an act of parliament usually in the finance bill, in the presentation of the budget in the parliament, generally on the last working day of february every year by notifying under a tariff. Central excise act 1944 chapter via appeals central. As per explanation to sec 2d of the central excise act,1944 goods, includes any article, material or substance which is capable of being bought and sold for a consideration and. Sale of study materials by coaching centres would not. Central excise act 1944 provides the provision of levy and central tariff act 1985 provides for rate of duty. Feb 24, 2020 the central excise day is celebrated every year to commemorate the central excise and salt act, which was enacted on 24 february 1944.

These are section 4, which determines goods value for the purpose of charging of excise duty. Presentation mode open print download current view. Home page of central board of indirect taxes and customs. The study of the definition of manufacture as defined under section 2 f of central excise act, 1944 which states manufacture means manufacture includes any process. This act had replaced not less than 10 separate excise acts and 11 sets of statutory rules besides 5. Cbec exempt excise duty on goods in fourth schedule to.

Manufacture implies a change but every change in raw material is not manufacture. Central board of excise and customs cbec is a part of the department of revenue under the ministry of finance, government of india. It may happen that in the course of manufacture of final products, various. Central excise tariff act is based on the harmonized system of nomenclature hsn. Eximkey india dgft, customs, excise, export import policy. The central excise day is celebrated every year to commemorate the central excise and salt act, which was enacted on 24 february 1944. Whereas it is expedient to consolidate and amend the law relating to central duties of excise on goods manufactured or produced in certain parts of india. The central excise act, 1944 this act governs the levy of excise duty. Section 2f of the central excise act,1944 cea defines manufacture as. Central excise bombay chartered accountants society. Central excise act 1944 chapter ii levy and collection of.

The excises and salt act, 1944 national board of revenue. Explanation to section 2d provides that goods include any article material or substance which is capable of being. However this act does not contain the rate at which duties are imposed 4. Cc paper answers2008 syllabus inter costing study material direct tax dt study material exam dec2011 exam dec2012 exam forms dec 2012 exam june2015 exam notifications exam time exam tips examination. Today, im going to discuss such two sections of central excise act, 1944.