What is rebate of central excise duty?
What is rebate of central excise duty?
Rebate of Central Excise duty on the exported goods. Under Rule 12, rebate of Central Excise duty is admissible to the exporters of the goods in respect of. duty paid on excisable goods; and. duty paid on material used in the manufacture of goods.
What is mean by central excise duty?
Central excise duty is an indirect tax, i.e. each person, rich or poor, is liable to pay tax indirectly on purchase of goods which have already been charged to duty. This tax is administered under the authority of Entry 84 of Union List of the Seventh Schedule read with Article 226 of the Constitution of India.
What are the different types of excise duty?
Here are the different types of excise duties:
- Basic Excise Duty: Basic Excise Duty is levied under Section 3 of the Central Excises and Salt Act, 1944.
- Special Excise Duty: Central Excise Duty is charged under Section 37 of the Finance Act, 1978.
- Education Cess on Excise Duty: According to Section 93 of Finance (No.
What is excise duty refund?
Excise duty or taxes on diesel incurred abroad (within Europe) are partially refundable for goods and passenger transportation businesses.
What are the documents required for refund?
Documents Required for GST Refund Along with the invoice, a statement containing the number and date of shipping bills or bills of export and the number and the date of the relevant export invoices, in a case where the refund is on account of export of goods must also be provided.
What is the scope for central excise law in India?
Allocation of sources between centre and states under the constitution of India grants to the Central Government power to impose “Duties of excise on tobacco and other goods manufactured or produced in India, except alcoholic liquors for human consumption, opium, narcotics, but including medical and toilet preparations …
What are the basic condition for excise duty?
1) There must be goods. 2) The goods must be excisable. 3) Excisable goods must be manufactured or produced in India.
What is the salary of excise inspector?
Inspector, Central Excise and Service Tax Department Salaries
| Job Title | Salary |
|---|---|
| Central Board of Excise & Customs Inspector, Central Excise and Service Tax Department salaries – 11 salaries reported | ₹66,481/mo |
| Government of India Inspector, Central Excise and Service Tax Department salaries – 7 salaries reported | ₹55,851/mo |
What is the difference between VAT and excise duty?
VAT is the tax added on goods as it moves from the initial stage of manufacturing to the point of sale while excise duty is the tax added on the manufacturing of goods. VAT is imposed after the product has reached the final stage of selling while excise duty is imposed right after the product has been manufactured.
Is CST applicable after GST?
CST was collected as a percentage of the sale price of the commodity. The statute governing sales tax is Central Sales Tax Act, 1956. But this tax is no longer in force in the territory of India. Sales Tax has been replaced by the Goods and Services Tax (GST) starting 1 July 2017.
How can I claim my excise duty refund?
The refund claim can be filed within one year from the relevant date in the specified Form [for the time being the format R-1 specified under rule 173S of the erstwhile Central Excise Rules, 1944] by an assessee or even a person who has borne the duty incidence, to the Deputy/Assistant Commissioner of Central Excise …
What was Section 11A of the Central Excise Act?
Section 11A in the Central Excise Act, 1944 60 [ 11A Recovery of duties not levied or not paid or short-levied or short-paid or erroneously refunded.
What is a non-levy under Section 11A?
Section 11A puts the cases of non-levy or short-levy, non-payment or short-payment or erroneous refund of duty in two categories. In one category the non-payment or short-payment, etc., of duty is for a reason other than deceit and the default is due to oversight or some mistake and it is not intentional.
When was the Central Excise Act extended to Dadra?
This Act has been extended to Goa, Daman and Diu by Reg. 12 of 1962, sec. 3 and Sch.; to Dadra and Nagar Haveli by Reg. 6 of 1963, sec. 2 and Sch. I and to the whole of the Union territory of Lakshadweep by Reg. 8 of 1965, sec. 3 and Sch.
When did Madras Excise Act 1944 come into effect?
(4) partially excluded areas in the State of Madras with effect from 28th February, 1944, see Madras Government Notification No. 745-Public-Political, dated 4th March, 1944. This Act has been extended to Goa, Daman and Diu by Reg. 12 of 1962, sec. 3 and Sch.; to Dadra and Nagar Haveli by Reg. 6 of 1963, sec. 2 and Sch.
