Budget 2012 : A Bird’s eye view on the over all changes in Central Excise
Budget 2012 : A Bird's eye view
on the over all changes in Central Excise
CENTRAL EXCISE
The standard rate of Central Excise duty for non-petroleum products has been
enhanced
from 10% to 12% ad valorem.
The merit rate of excise duty for non-petroleum goods that hitherto
attracted 5% has been increased to 6%.
The rate of duty of 1% imposed on 130 items in the last Budget has been
increased to 2%. The exceptions to this increase are:
Goods of heading no. 2701, i.e. coal;
All goods of Chapter 31, other than Read More
The word ‘;consumer’; in this clause refers to the person who purchases the product for his consumption, as distinct from a purchaser who trades in it- SC
The issue which falls for
consideration in the present appeal is whether the treatment given or the
process undertaken by the appellant to Helium gas purchased by it from the open
market would amount to manufacture, rendering the goods liable to duty under
Chapter Note 10 of Chapter 28 of the Central Excise Tariff Act, 1985. Chapter
Note 10 of Chapter 28 of the Act, in relation to `manuf
CBEC-Withering bureaucracy turning India into a Banana Republic-8th story
CBEC-Withering bureaucracy turning India into a Banana Republic-8th story
If there is a crime the culprits should be punished. However, I have not come
across any provision in the law that the culprit should be tried thrice under
the same law for the same violation. I have not come across any provision in the
law where without jurisdiction, the authority can proceed with adjudication &
prosecute the beneficiary in the law. However, it can only happen in th
The word ‘;consumer’; in this clause refers to the person who purchases the product for his consumption, as distinct from a purchaser who trades in it- SC
CBEC-Withering bureaucracy turning India into a Banana Republic-8th story
Indian Rupee Exchange Rate
