Ii a indicating amount of duty in the price of goods, etc. This is the basic law related to the levy and collection of duties of central excise. May 06, 2020 ssi exemption central excise act,1944, indirect tax laws b com notes edurev is made by best teachers of b com. Indian central excise rules, 1944, notification no. Eximkey india dgft, customs, excise, export import policy. This document is highly rated by b com students and has been viewed 251 times. Jain afterscho o ol centre for social entrepreneurship sivakamu veterinary hospital road bikaner 334001 rajasthan, india. However this act does not contain the rate at which duties are imposed 4. Excisable goods under central excise act,1944 section 2d of central excise act,1944. I of 1944 24thfebruary, 1944 an act to consolidate and amend the law relating to 1 duties of excise and to salt. Cbec exempt excise duty on goods in fourth schedule to. Download this app from microsoft store for windows 10 mobile, windows phone 8.
Export procedures central excise act,1944, indirect tax laws, objective type questions, practice quizzes, free, 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. Central board of excise and customs cbec is a part of the department of revenue under the ministry of finance, government of india. The provisions of the central excise act, 1944 and rules made there under. Duties specified in the a the first schedule and the second schedule a to the central excise tariff act,1985 to be levied 17.
Duties of excise collected from the buyer to be deposited with the central government 31 section 12 application of the provisions of act no. Interest on delayed refund of amount deposited under the proviso to section 35f where an amount deposited by the appellant in pursuance of an order passed by the commissioner appeals or the appellate tribunal hereinafter referred to as the appellate authority, under the first proviso to section 35f, is required to be refunded consequent upon the order of the appellate authority. Central excise act 1944 chapter ii levy and collection of. Price of goods to indicate the amount of duty paid. Download free sample and get upto 30% off on mrprental. Buy the central excise act, 1944 by pdf online from company secretary. 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. Home page of central board of indirect taxes and customs.
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. Download free sample and get upto 75% off on mrprental. In this chapter, unless the context otherwise requires, a activity means production or manufacture of goods. 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. Duty liability even when goods not sold or free replacement given during warranty period. Central government and rupees respectively by section 3 and the second schedule of the bangladesh. Schedule as being subject to a duty of excise and includes salt k. Central excise act 1944 section 35b citation 37176 bare. 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. In cases where the value of clearances in the current financial year exceeds rs. Scribd is the worlds largest social reading and publishing site. Today, im going to discuss such two sections of central excise act, 1944.
Dec 15, 2011 today, im going to discuss such two sections of central excise act, 1944. Jun 22, 2009 in cases where the value of clearances in the current financial year exceeds rs. In this chapter, unless the context otherwise requires. This act had replaced not less than 10 separate excise acts and 11 sets of statutory rules besides 5. Ssi exemption central excise act,1944, indirect tax laws b. Union government has power to under article 246 of constitution to make rules and amendment in the excise duty laws. The central excise act, 1944 was created to ensure that laws concerning the central duties of excise on any goods or products manufactured within the length and breadth of india, could be consolidated as well as amended by the central government. Duties specified in first schedule and the second schedule to the central excise tariff act, 1985 to be levied. However this act does not contain the rate at which duties are imposed. They both talk about valuation of goods, with detailed explanation. Central excise act 1944 provides the provision of levy and central tariff act 1985 provides for rate of duty.
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. Download the central excise act, 1944 by pdf online. Central excise act free download as powerpoint presentation. Excisable goods under central excise act,1944 cakart. These are section 4, which determines goods value for the purpose of charging of excise duty. Goods producedmanufactured in india are liable to excise duty. Download the central excise act 1944 by panel of experts pdf. Whereas it is expedient to consolidate and amend the law relating to 1 duties of excise on goods manufactured or produced, and services. Questions of central excise act b com notes edurev. Commissioner of central excise under section 35, as it stood immediately before the appointed day. Inauguration of customs canine centre at attari, amritsar by dr. Central excise act, 1944 bare acts law library advocatekhoj. Chapter iia indicating amount of duty in the price of goods, etc. Buy the central excise act 1944 by panel of experts pdf online from faculty notes.
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