26/08/2010
Plan to relax tax refund rules for exporters
Exporters' troubles with the revenue department for delayed or non-payment of tax refunds may soon come to an end with the department floating a proposal to do away with some of the rules for tax refund. The Central Board of Excise and Customs (CBEC) in an internal report circulated to field officials has sought comments on these proposals. The report suggests to do away with the system of tax officials scanning the documents given by exporters after a clearance certificate from a chartered accountant. The rule to get an audit done by a chartered accountant was introduced for the facility of exporters to give them respite from endless processes for scanning of documents for refund. It said the documents given by exporters for claiming refund can be checked by a certified CA who can give a certificate to speed up the claims.
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16/08/2010
Circular No 933 /23 /2010-CX
Valuation of Goods cleared in DTA by EOU’s
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04/08/2010
Circular No. 932/22/2010-CX
Regarding administrative control over Export Oriented Units by the Central Excise formations
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28/07/2010
Notification No. 31/2010-Central Excise
Amends Notification No. 6/2006-Central Excise, dated the 1st March, 2006
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26/07/2010
Secondary packing not part of excise math: SC
IN A breather to the assessees, the Supreme Court has ruled that the cost of secondary packing for the purpose of convenience of customers and transportation of goods cannot be included in the value of the goods for assessment of excise duty. “We, therefore, hold that the cost of secondary packing in hessian cloth cannot be included in the value of the goods in terms of section 4(4)(d)(i) of the Act (Central Excise Act, 1944 ) for the purpose of assessment of excise duty”, said a bench comprising Justice DK Jain and Justice Anil R Dave. The court partly allowed the appeal of the assessee, National Leather Cloth Manufacturing. It was engaged in the manufacture of coated fabrics. The price of goods declared by the assessee in the price list, as required under Rule 173C of the Central Excise Rules, 1944 was approved by the Revenue from time to time.
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22/07/2010
Notification No. 30/ 2010 – Central Excise
Amends Notification No.64/95-Central Excise, dated the 16th March, 1995
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15/07/2010
Circular No. 931/21/2010-CX
Regarding classification of TEA fortified with Vitamins
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09/07/2010
Circular No. 930/20/2010-CX
Regarding tolerance of breakage of bottles due to handling during storage and clearance
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01/07/2010
Notification No. 27 / 2010-Central Excise (N.T.)
Amends the CENVAT Credit Rules, 2004
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29/06/2010
Circular No. 929 / 19 /2010-CX
Regarding classification of Polyester Staple Fibre manufactured out of PET scrap and waste bottles.
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