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KNOWLEDG SHARING SERIOUS TTBT AT

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Highlights
TOPICS COVERD
TAXATION IN INDIA

BACK GROUND OF CENTRAL EXCISE


STRUCTURE OF CENTRAL EXCISE LAW CHARGING ED- BASICS - OVER VIEW

LEVY & COLLECTION


IMPORTANT CONCEPTS - DISCUSSION REGISTERATION

VALUATION
ASSESMENT

Highlights
TAXATION IN INDIA
BASICS
1.Taxes 2.Leavy 3.Impact & Incidence

DIRECT TAX
Income Tax, Wealth Tax On Income & Wealth On same Person

INDIRECT TAX
CE, Customs, ST, VAT, Octroi On Goods Impact on One person(Seller), Incidence on another Person (Consumer) Allowed CBEC CG [Vat SG]

4.Credit 5. Supervision 6. Governed By

NA CBDT CG

Highlights
BACK GROUND OF CENTRAL EXCISE

Constitution of India
Article 246(1) Gives power to CG to make laws in respect of matters given in LIST-I [Union List Entry No.84]
Article 246(3) Gives power to SG to make laws in respect of matters given in LISTII[State List] Union List Entry No.84 Empowers CG to levy excise duty on Tobacco & other goods manufactured in India Except Alcoholic liquors for human consumption, opium, narcotics But include medical & Toilet preparation containing above.

In case of Alcoholic liquor , Opium SG empowered to levy ED.

Highlights
STRUCTURE OF CENTRAL EXCISE LAW
Central Excise Act, 1944
Basic Act for providing for charging of duty, valuation, powers of officers, penal provisions etc.

Central Excise Tariff Act 1985


Classifies all the goods under 96 chapters where specific code is assigned to each item;

This classification forms basis for prescribing duty to be charged on that particular product;

Central Excise Rules Made to effect the CEA


Central Excise Rules, 2002 CENVAT Credit Rules, 2004 Central Excise (Advance Ruling) Rules, 2002 Central Excise (Appeals) Rules, 2001 Central Excise Valuation (Determination of Price of Excisable goods) Rules, 2000 C. Excise (Removal of goods at Concessional Rate of duty for manufacture of excisable goods) Rules, 2001.

Circulars etc.
Circulars (issued by CBEC), trade notices (issued by Commissioner of CE) and notifications (issued by CG); Decisions laid out by the judiciary: Commissioner (appeals) CESTAT (Appellate tribunal) High court Supreme

Highlights
CHARGING SECTION- BASICS -OVERVIEW
CE Act applies to whole of India Land & Sea [up to 200 Nautical Miles] Type of ED Basic Excise Duty, Additional Excise Duty & Special Duty ED is levied on

All Excisable Goods [Goods means Movable and Marketable Article]


Produced or Manufactured in India Except Produced or Manufactured in SEZ But include Production or Manufacture by 100% EOU , Government. At the rate given in First Schedule [ BED] & Second Schedule [Special Duty] Present BED Rate is 12

ED is levied on SRF Excise Registration Details:


Excise registration No. Range Division Commissonarate HSN Codes

Highlights
REGISTERATION
Persons Require to register:
For the administration of Central Excise Act & rule following persons need to register:
Every Manufacturers of excisable goods First and Second Stage dealer desiring to issue cenvatable invoice Other specified persons as per rule 9

Exemption from Registration


Person who is manufacturing fully exempted goods / Nil rate goods Manufacturers [SSI] if the value of clearance is less than Rs.90Laks for the financial Year

Whole Sale Traders or Dealers of excisable goods [Except First Stage Dealer / Second Stage Dealer/ Depot]

SRF Excise Registration Details:


Excise registration No. Range Division Commissonarate HSN Codes

Thank You

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