Very concise notes of cex with charts and diagrams where relevant. 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. Central excise act, 1944 bare acts law library advocatekhoj. Central excise tariff act is based on the harmonized system of nomenclature hsn.
Gjf had a meeting with the prime minister and submitted their representation, highlighting the foreseeable plight of jewellers, manufacturers and artisans. The central excise act, 1944 an act to consolidate and amend the law relating to central duties of excise 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. However, the constitution of india has vested in the. Cenvat credit rules, 2004 the law of central excise.
As per section 2f of central excise act, 1944 cea, manufacture includes any process. Further it was held that an article is said to be marketable if a similar goods is. Jain afterscho o ol centre for social entrepreneurship sivakamu veterinary hospital road bikaner 334001 rajasthan, ind slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. In this chapter, unless the context otherwise requires, a assessee means any person who is liable for payment of excise duty assessed under this act or any other act and includes. Questions of central excise act b com notes edurev. App features complete central excise act and rules in digital format. Section notes are given at the beginning of each section, which govern. Jun 15, 2019 central excise duty is an important source of revenue for govt. Duties specified in first schedule and the second schedule to the central excise tariff act, 1985 to. Duties specified in the the first schedule and the second schedule 4. Power of central government to charge excise duty on the basis of capacity of production in respect of. Every notification issued under subrule 1, and every order made under subrule 2 of rule 8 of the central excise rules, 1944, and in force immediately before the commencement of the customs and central excise laws amendment act, 1987 shall be deemed to have been issued or made under the provisions of this section and shall continue to have the same force and effect after such commencement until it is amended, varied, rescinded or superseded under the provisions of this section. However this act does not contain the rate at which duties are imposed 4.
It calculates assessment values, central excise duties and different setoffs for both ecc registered manufacturers and ecc registered traders. Duties specified in the the first schedule and the second schedule to the central excise tariff act, 1985 to be levied. Central excise act 1944, chapterii, levy and collection of duty, valuation of excisable goods, charging duty of excise, valuation of excisable goods, retail. Excise act 1944 chapteriii, powers and duties of officers, land holders, powers of central excise officers, power to arrest, power to summon persons, special audit in certain cases, officers required, assist central excise officers, disposal of persons, arrested, procedure, officerincharge of police station, inquiry, central excise officers. Third schedule to central excise act 1944 see section 2fiii notes.
This is the basic law related to the levy and collection of duties of central excise. Consequential amendments of, and construction of references to the first schedule to act 1 of 1944 1 1in the central excise act, 1944, a for the words first schedule, wherever they occur, the words and figures schedule to the central excise tariff act 1985 shall be substituted. Doesnt require internet connection to view act view data section wise chapter wise advanced user friendly search for any keyword within sectionchapter ability to view. Central excise act 1944 chapters from chapter i vii.
Presentation mode open print download current view. Cbic amends fourth schedule to the central excise act, 1944. Goods are mainly produced for selling so saleabilty is the crucial criterion. Central excise act 1944 section 35b citation 37176. Heres a list of features the central excise tax comprises of.
Ii a indicating amount of duty in the price of goods, etc. Central excise statutory framework central excise act, 1944. Power of central government to charge excise duty on the basis of capacity of production in respect of notified goods. Seeks to exempt duties of excise on goods falling within fourth schedule to central excise act, 1944, in excess of amount calculated at the rate of 50%. In this act, unless there is anything repugnant in the subject or context, 9 a adjudicating authority means any authority competent to pass any order or decision under this act, but does not include the central board of excise and customs constituted under the central boards of revenue act, 1963 54 of 1963, 10 commissioner of. However this act does not contain the rate at which duties are imposed. Revenue received from central excise about 2 lac crores stands in second rank after income tax meaning of excise duty in india, term excise duty has not been defined, either in the constitution of india or even in the central excise act. Power of central government to amend fourth schedule. Government of india ministry of finance department of revenue notification no. Central excise act 1944 notes central excise act 1944. 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.
This document is highly rated by b com students and has been viewed 148 times. The central excise duty is levied as soon as the goods are manufactured or produced. An act to consolidate and amend the law relating to central duties of excise chapter v settlement of cases section 31. Cbec exempt excise duty on goods in fourth schedule to. View notes ppt central excise from pgdm 101 at international management institute. As per charging section 3 of the central excise act, 1944, excise duty is levied on all excisable goods which are produced or manufactured in india. Central board of excise and customs cbec is a part of the department of revenue under the ministry of finance, government of india. This act may be called the central excise act, 1944. Valuation of excisable goods for purposes of charging of duty of excise. Section 2f in the central excises and salt act, 1944 f 5 manufacture includes any process, i incidental or ancillary to the completion of a manufactured product. Eximkey india dgft, customs, excise, export import policy. Mar 21, 2020 levy part 1 central excise act, 1944, indirect tax laws b com notes edurev is made by best teachers of b com.
Emergency power of the central government to increase duty of excise. Officers required to assist central excise officers. Whereas the central government is satisfied that a practice was generally prevalent regarding levy of duty of excise including nonlevy thereof under section 3 of the central excise act, 1944 1 of 1944 hereinafter referred to as the said act, on newsprint, in reels falling under chapter 48 of the first schedule to the central excise. Special audit in cases where credit of duty availed or utilized is not. Jewellery associations to continue strike over excise duty till march 7. Central excise duty is an important source of revenue for govt. To collect excise duty on manufactured goods more conveniently 2. Central excise act 1944 news and updates from the economic. Apr 23, 2020 central board of excise and customs cbec is a part of the department of revenue under the ministry of finance, government of india. Central excise act 1944 blogs, comments and archive news on. Owners or occupiers of land to report manufacture of contraband excise. Excisable goods under central excise act,1944 cakart. Sc confirms levy of excise duty on perfumery compounds as it is marketable read judgment a threejudge bench of the supreme court of india, last week, ruled that perfumery compounds are subject to excise duty under the central excise act, 1944 since they are capable of.
Schedule to the central excise tariff act, 1985 5 of 1986 as. Salient features in central excise tax udyog software. Emergency power of central government to increase duty of excise. Section 2f of the central excise act, 1944 cea defines manufacture as. Cbic amends fourth schedule to the central excise act 1944 vide notification no. Duties specified in first schedule and the second schedule to the central excise tariff act, 1985 to be levied. Doesnt require internet connection to view act view data section wise chapter wise advanced user friendly search for any keyword within sectionchapter. Apr 03, 2020 questions of central excise act b com notes edurev is made by best teachers of b com. Commissioner of central excise under section 35, as it stood immediately before the appointed day.
Ssi exemption central excise act,1944, indirect tax laws. Central excise act, 1944 the central excise act, 1944 1. There follows in the form of notes on clauses a tabular statement showing the source of each. Section 2f in the central excises and salt act, 1944. Jain afterscho o ol centre for social entrepreneurship sivakamu veterinary hospital road bikaner 334001 rajasthan, india. Gratuity shall be payable if termination of employment is by resignation after 5 years of continuous service. Jan 26, 2018 apr 17, 2020 ssi exemption central excise act, 1944, indirect tax laws b com notes edurev is made by best teachers of b com. In this schedule, heading, subheading and tariff item mean respectively a heading, subheading and tariff item in the first schedule to the central excise tariff act, 1985 5 of 1986. Central excise act 1944 provides the provision of levy and central tariff act 1985 provides for rate of duty. Union government has power to under article 246 of constitution to make rules and amendment in the excise duty laws. Power to summon persons to give evidence and produce documents. Buy the central excise act, 1944 by pdf online from company secretary. Goods producedmanufactured in india are liable to excise duty. 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.
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. Duties specified in the first schedule and the second schedule to the. 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 latest breaking news, pictures, videos, and special reports from the economic times. Levy part 1 central excise act,1944, indirect tax laws b. Levy and collection of duty, indicating amount of duty in price of goods, powers and duties of officers and land holders, central excise act1944, advance, rullings, settlementofcases, adjudicationofconfiscationsandpenalties, appeals, presumptionastodocuments, supplementalprovisions, customs excise and gold control appellate tribunal procedure. Apr 17, 2020 ssi exemption central excise act,1944, indirect tax laws b com notes edurev is made by best teachers of b com. Valuation of excisable goods for purposes of charging of duty. The central excises and salt act, 1944 provides for the levy and collection of duties of excise on all excisable goods specified in the first schedule to that act. Excisable goods under central excise act,1944 section 2d of central excise act,1944. Download free sample and get upto 30% off on mrprental.
Ssi exemption central excise act,1944, indirect tax laws b. Central excise act 1944 section 35ff citation 37183 bare. Ppt central excise central excise statutory framework. Chapter notes and, provided such headings or notes do not otherwise require, according to the following. Central excise act 1944 section 11aa interest on delayed. Full text containing the act, central excise act, 1944, with all the sections, schedules, short title, enactment date, and footnotes. Search in central excise act, 1944 1 third schedule. This document is highly rated by b com students and has been viewed 250 times. However, as per rule 5 of the central excise rules, 2002, the rate of duty applicable to any excisable goods is the rate in force on the date when such goods are removed from the factory.
Central excise act 1944, chapterii, levy and collection of duty. Movabilty and marketability are essential tests for application of excise duty. Revenue received from central excise about 2 lac crores stands in second rank after income tax meaning of excise duty in india, term excise duty has not been defined, either in the constitution of india or even in the central excise act, 1944. Download the central excise act, 1944 by pdf online. Dec 31, 2019 cbic amends fourth schedule to the central excise act 1944 vide notification no. Tax paid at the time of manufacture of some goods as per the government rules. Apr 16, 2012 very concise notes of cex with charts and diagrams where relevant. Direct tax is the tax, which is paid directly by people to the government, while indirect tax is the tax, which is paid indirectly by people to the government. Central excise act 1944, chapteriii, powers and duties of.