Central excise act 2014 pdf

Budget 201415 changes in excise duty in budget 2014 2015. The said section has been amended to include reference to sections 5a 2a, 15a and 15b of the central excise act which provide as under. One method is by specified rate on the weight of the goods. Annexure i relating to abstract of balance sheet and statement of profit and loss and annexure ii relating to the value of the fringe benefits are no longer required to be annexed to the form no. Guidelines provided herein are intended to ensure that the audits of central excise and service tax assessees and taxpayers are carried out in a uniform, efficient and comprehensive manner, adhering to the stipulated principles and. Duties specified in first schedule and the second schedule to the central excise tariff act, 1985 to be levied. Emergency power of central government to increase duty of excise. However this act does not contain the rate at which duties are imposed 4. In 20152016, the gross tax collection of the centre from excise amounted to. Description 8 2014 ce seeks to amend notification no. General explanatory notes and additional notes additional duties of excise goods of special importance act, 1957 58 of 1957.

The finance bill 2014 has proposed to enhance the scope of section 83, vide which the provisions of central excise act, 1944 are made applicable mutatis mutandis to service tax. The excise duty act, 2014 an act to consolidate and amend the law relating to excise duty and to provide for related matters. General rules for interpretation of the schedule to the central excise tariff act, 1985. Second schedule and third schedulecentral excise act, 1944 appendix i and ii. Duty may be reduced or waived where the following circumstances exist.

Amendments to the appeal provisions in customs, central. Budget 201415 notifications central excise tariff dated. In the central excise act, in section 2, in clause b, for the words chief. An act to give effect to the financial proposals of the central government for the. Home page of central board of indirect taxes and customs. Scribd is the worlds largest social reading and publishing site. Central excise act free download as powerpoint presentation. Tax audit report requirements amended 1 august 2014. In exercise of the powers conferred under the new section 35ff of the central excise act, 1944 and section 129ee of the customs act, notification nos 242014cent and 702014cusnt, both dated 12. This is the basic law related to the levy and collection of duties of central excise. General exemptions central excise tariff 2014 secondschedule. Manuals home page of central board of indirect taxes and. Second schedule and third schedule central excise act, 1944 appendix i and ii. An act to provide for tariff for central duties of excise.

Latest edition gst book gst law and analysis with conceptual procedures in 3 volumes, updated as on 01. The additional duties of excise goods of special importance act, 1957 appendixii. The operative portion of the original order is reproduced below for better understanding. Document image 1 image 2 image 3 image 4 image 5 image. In exercise of the powers conferred under the new section 35ff of the central excise act, 1944 and section 129ee of the customs act, notification nos 24 2014 cent and 70 2014 cusnt, both dated 12. Duties specified in the first schedule and the second schedule to be levied. In exercise of the powers conferred by section 37 of the central excise act, 1944 1 of 1944, the central government hereby makes the following rules further to amend the central excise rules, 2002, namely. In the central excise act, 1944 hereinafter referred to. 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.

Description 82014ce seeks to amend notification no. One other issue which is not discussed above is regarding a situation, where an. Hitherto, the introduction of a new central duty of excise has required the enactment of selfcontained law and the preparation of a separate set of statutory rules. Central board of excise and customs cbec is a part of the department of revenue under the ministry of finance, government of india.

The central excise laws, service tax laws are being. Budget 201415 notifications central excise tariff dated 11. Further, this section has also been made applicable for service tax law by virtue of section 83 of finance act 1994. The central excise act, 1944 277 the central ex cise act, 1944 section 1. The excises and salt act, 1944 national board of revenue. Central excise act, 1944, which imposes a duty of excise on. Amendments to the appeal provisions in customs, central excise and service tax made by finance act, 2014 issue of clarifications reg. Duties specified in first schedule and the second schedule to the central. As regards proposal of penalty under section 11ac of the central excise act, 1944 read with rule 25 of the central excise rules, 2002, i find that penalty under section 11ac of the central excise act, 1944 is a punishment for an act of deliberate deception. They shall come into force from the 1st day of march, 2002 rule 2. Tariff notification in respect of fixation of tariff value of edible oils, brass scrap, poppy seeds, areca nut, gold and silver reg. Additional duties of excise goods of special importance act, 1957 58 of 1957 4.

In section 9a of the central excise act, for subsection 1, the following sub sections shall be substituted, namely. Jul 12, 2014 the finance bill 2014 has proposed to enhance the scope of section 83, vide which the provisions of central excise act, 1944 are made applicable mutatis mutandis to service tax. The act provides levy of excise duty by different methods. Consequential amendments of, and construction of references to the first schedule to act 1 of 1944. This act shall be deemed to have come into force on 1st july, 2014. Section 35f of central excise act, 1944 as substituted by the financeno. A special excise duty is charged on the change of ownership of locally registered secondhand motor vehicles at specified rates.

Section 35f of the central excise act, 1944 and section 129e of the customs act. Soap,organic surfaceactive agents,washing preparations,lubricatingpreparations, artificial waxes,prepared waxespolishing or scouring preparations, candles and similar articles, modelling pastes, dental waxes and dental preparations with basis of plaster search updated central excise duty and tariff of years 2009, 2008, 2007 and 2006. The central excise act, 1944 this act governs the levy of excise duty. A new section 15a has been inserted in the central excise act, 1944 w. Faq on swachh bharat cesssbc 286 kb act 797 kb rules. Act 11 excise duty act 2014 uganda revenue authority. The central excise tariff act, 1985 5 of 1986 general rules for interpretation of the schedule to the central excise tariff act, 1985. Budget 2014 15 notifications central excise tariff dated 11. Additional duties of excise textiles and textile articles act, 1978.

Central excise, rules, tariff, acts, notifications, manual. In these rules, unless the context otherwise requires, a act means the central excise act, 1944 1 of 1944. Detailed commentary on gst laws and procedures with multiple practical case studies, discussion on all updated provisions and rules along. Central excise nontariff notification 122014 central excise n. The excise management and tariff act an act to make provision for the control of the manufacture of excisable goods, the denaturing of spirits, for the collection of excise duties and for related and connected matters 1st november, 1954 ords nos. The additional duties of excise textiles and textile articles act, 1978 appendix. This is done under section 3 of the act entitled duties specified in the schedule and the second schedule to the central excise traiff act, 1985 to be levied. Be it enacted by parliament in the sixtyfifth year of the republic of india as follows.