Poducts

  • Exemption For Small Scale Units (SSI) Under Central Excise

    10/09/2015· Gagandeep Singh Kochar. 1) Meaning of Small Scale Exemption. Under the provisions of the Central Excise Act a Small Scale Industry is one whose aggregate value of Turnover does not exceed Rs.One Hundred and Fifty Lakhs made on or after the 1st day of April in any financial year.. 2) Products covered under the SSI Exemption Notification.

  • SSI Exemption under Central Excise Udyog Software

    SSI Exemption under Central Excise . Introduction . Excise duty is levied on all manufacturers on manufacture of goods and will be paid on their removal. In order to protect the interest of new industries and other small scale industries, Govt. of India has come out with a notification no. 8/2003-CE to provide exemption to small scale industries in order to provide an incentive for them to

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  • SSI EXEMPTION Excise TaxDose

    — If SSI Exemption is opted, then no excise duty up to Rs.150 lakhs of finished goods cleared from factory during the current year (but he can not avail CENVAT Credit up to exempted turnover of Rs 150 lakhs ) AND he shall be liable to pay excise duty on over and above Rs.150 lakhs of finished goods cleared from the factory during current year after claiming CENVAT Credit on turnover

  • Value Based Exemption Scheme for SSI – Garments

    The Central Excise Act 1944 provide different values for different products and for different purposes , based on which duty can be calculated. They are as under: i. Specific Duty – It is the duty levied , not on the basis of value but on other parameters like weight, length, volume, thickness etc. This method is not applicable to us. ii. Transaction Value- means the price actually paid or

  • Exemption to RMC manufactured at site– effect & FAQ’s

    Section 11C of Central Excise Act, 1944 permits Central Government to give exemption in case excise duty was not being paid due to practice prevailed (even though actually liable to be paid). So representation can be made to government and seek exemption under section 11C of Central Excise Act, 1944. 6. What is the classification, excise duty rate applicable and other concessions in rates of

  • Exemption to Ready Mix Concrete A Great Relief to

    Ready Mix Concrete is thus an excisable product which has a separate tariff entry under sub-heading 3824.20 of the Central Excise Tariff Act, 1985. It is also known under the Indian Standard IS : 4926-1976, which for the purposes of that standard defines Ready Mix Concrete as concrete delivered at site or into the purchaser’s vehicle in a plastic condition and requiring no further treatment

  • How is an SSI defined? | Business Standard News

    15/02/2013· As far as CST is concerned, the Finance Act, 2005 amended the sub-section (6) of Section 8 of Central Sales Tax Act, 1956 ; it now says that no tax under the CST Act shall be payable on supplies made to a SEZ developer or SEZ unit. For claiming the exemption, the 'Form 'I' procedure prescribed under Rule 11 of the Central Sales Tax (Registration and Turnover) Rules, 1957 will have

  • Cement sector: industrial decarbonisation and energy

    improvements and investing in state of the art plant over recent decades, has facilitated UK cement manufacturing to become significantly more resource, energy and carbon efficient. The reduction in carbon intensity . 3. Data collected from all UK cement plants by MPA. 4. MPA Cement, “Greenhouse Gas Reduction Strategy”, 2013,

  • National designated sites: SSSIs

    Under the Wildlife and Countryside Act the owner or occupier may enter into a management agreement for the purposes of securing the SSSI special interest. Public bodies are not allowed to carry out damaging operations on an SSSI, except where they notify the relevant conservation agency. It is also an offence for a public body to fail to minimise damage done to an SSSI or if damage occurs

  • Excise Duty- Value Based Exemption Scheme for Small

    Sir, I am working under garment export unit local sales around 9.00 lakhs no branded goods availed C form. company turnover for the year 2011-2012 334 Lakhs as a export garments.Our unit falls under SSI We have to register with Central Excise kindly adv us. Regds Suresh kumar

  • How is an SSI defined? | Business Standard News

    15/02/2013· As far as CST is concerned, the Finance Act, 2005 amended the sub-section (6) of Section 8 of Central Sales Tax Act, 1956 ; it now says that no tax under the CST Act shall be payable on supplies made to a SEZ developer or SEZ unit. For claiming the exemption, the 'Form 'I' procedure prescribed under Rule 11 of the Central Sales Tax (Registration and Turnover) Rules, 1957 will have

  • Goods & Service Tax, CBIC, Government of India ::

    Exemption from the additional duties of Customs, if any, under section 3(1), 3(3) and 3(5) of the Customs Tariff Act, 1975 and exemption from Central Excise duty will be available for goods specified under the fourth Schedule to the Central Excise Act. IGST or CGST plus SGST will be payable by the suppliers who make supplies to the EOU. The EOU will be eligible, like any other registered

  • Excise Duty in India Check out Types & Rates of Excise

    Special Excise Duty: Central Excise Duty is charged under Section 37 of the Finance Act, 1978. It is levied on all excisable products that are subject to Basic Excise Duty under Section 3 of the Central Excises and Salt Act, 1944. The rate at which Special Excise Duty is charged is mentioned in the Second Schedule to Central Excise Tariff Act, 1985.

  • CA FINAL Indirect Tax (Excise Duty) Case laws relevant

    31/08/2015· Thus goods having short shelf life are marketable and hence considered as goods under Excise Duty. 7. Solid & Correct Engineering works and ores(A) (Related to movability)Where the plant has been assembled and fixed to the earth through nuts and bolts with the intent to not fix it permanently, the plant will said to be movable property. Hence the same is exposed to levy of Excise Duty. 8

  • Excise law SlideShare

    06/03/2013· Central Excise Act (CEA), 1944; 2. Central Excise Tariff Act (CETA), 1985; 3. Central Excise Rules, 2002; and 4. CENVAT Credit Rules, 200419.1 OBJECTIVEAfter going through this lesson you should be able to understand: • Meaning and nature of excise duty • Various concept and definitions used in Central Excise Act • Rates of excise duty

  • Report of the Expert Group on Transfer Pricing Guidelines

    INCOME TAX ACT, 1961. CUSTOMS ACT, 1962. CENTRAL EXCISE ACT, 1944. ACCOUNTING STANDARD-18. I Type of Transactions. This Act relates to International Transactions. These transactions has been defined under Section 92B of the Act.

  • What is MSME? Quora

    Hey, MSME stands for Ministry of Micro, Small and Medium Enterprises. Recently the criteria for Micro, Small, and Medium Enterprise have been overhauled. Prior to the Atmanirbhar Bharat Economic Package, MSME classification was based on the nature...

  • All Schemes | Ministry of Micro, Small & Medium

    Ministry of Micro, Small & Medium Enterprises (M/o MSME) envision a vibrant MSME sector by promoting growth and development of the MSME Sector, including Khadi, Village and Coir Industries, in cooperation with concerned Ministries/Departments, State Governments and other Stakeholders, through providing support to existing enterprises and encouraging creation of new enterprises

  • Public Act 0027 101ST GENERAL ASSEMBLY

    under this Act. "Mother plant" means a cannabis plant that is cultivated or : maintained for the purpose of generating clones, and that will : not be used to produce plant material for sale to an infuser or : dispensing organization. "Ordinary public view" means within the sight line with : normal visual range of a person, unassisted by visual aids, from a public street or sidewalk adjacent to

  • Ministry of Micro, Small & Medium Enterprises

    Ministry of Micro, Small & Medium Enterprises (M/o MSME) envision a vibrant MSME sector by promoting growth and development of the MSME Sector, including Khadi, Village and Coir Industries, in cooperation with concerned Ministries/Departments, State Governments and other Stakeholders, through providing support to existing enterprises and encouraging creation of new enterprises

  • R.A. 7160 LAWPHiL

    Republic Act No. 7160 October 10, 1991 Setion 41(b) Amended by RA 8553 Setion 43 Amended by RA 8553. AN ACT PROVIDING FOR A LOCAL GOVERNMENT CODE OF 1991. Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: BOOK I GENERAL PROVISIONS. TITLE I BASIC PRINCIPLES. CHAPTER I The Code: Policy and Application

  • Laghu-udyog Industrial Policies for SSI Sector India

    After the process of dilution under this Act has been completed, companies with direct non-resident investment not exceeding 40 per cent will be treated on par with Indian companies, except in cases specifically notified, and their future expansion will be guided by the same principles as those applicable to Indian companies. Foreign investment ad acquision of technology necessary for Indian

  • TABLE OF CONTENTS

    these items to Afghanistan and Central Asian Republics. 07. WITHDRAWAL OF EXEMPTION OF FED ON INTERNET SERVICES AND FOREIGN SATELLITE BANDWIDTH SERVICE Telecom services provided in Islamabad Capital Territory are subject to FED under the Federal Excise Act, 2005. However, internet services are presently exempt from payment of FED under Third Schedule to the Federal Excise Act

  • Goods not allowed by courier to export to India

    2. Animals and plants 3. Perishables 4. Publications containing maps depicting incorrect boundaries of India; 5. Precious and semi precious stones, gold or silver in any form; 6. Goods under Export Promotion Schemes including EOU scheme; 7. Goods exceeding weight limit of 70 kgs. (individual packages) imported though courier under manual mode

  • Budget 2019: MSMEs should be treated as a priority sector

    It explained that a late fee is charged for the delay in filing of various returns under the provisions of the GST Act. The late fee is Rs.100 per day under the CGST Act and Rs 100 per day under the SGST Act. A total late fee per day is Rs 200. Since the GST returns to use a different platform as compared to the previous Central Excise and VAT returns, the late fees should be waived up to the

  • Report of the Expert Group on Transfer Pricing Guidelines

    INCOME TAX ACT, 1961. CUSTOMS ACT, 1962. CENTRAL EXCISE ACT, 1944. ACCOUNTING STANDARD-18. I Type of Transactions. This Act relates to International Transactions. These transactions has been defined under Section 92B of the Act.

  • What is MSME? Quora

    Hey, MSME stands for Ministry of Micro, Small and Medium Enterprises. Recently the criteria for Micro, Small, and Medium Enterprise have been overhauled. Prior to the Atmanirbhar Bharat Economic Package, MSME classification was based on the nature...

  • Public Act 0027 101ST GENERAL ASSEMBLY

    under this Act. "Mother plant" means a cannabis plant that is cultivated or : maintained for the purpose of generating clones, and that will : not be used to produce plant material for sale to an infuser or : dispensing organization. "Ordinary public view" means within the sight line with : normal visual range of a person, unassisted by visual aids, from a public street or sidewalk adjacent to

  • Home | Ministry of Labour & Employment | GoI

    Webinar held under the Chairmanship of Shri Santosh Kumar Gangwar, Honourable Minister of State (Independent Charge) for Labour & Employment with the Central Trade Union Organization and Employers' Organization on the occasion of the International Labour's Day on 1st May 2020 at Shram Shakti Bhawan, New Delhi.

  • The ACT Test for Students | ACT

    COVID-19 Updates. Thank you for your patience as we continue to navigate the COVID-19 pandemic. Visit ACT Testing Amid COVID-19 for information on testing during COVID-19. Visit COVID-19 Resources for updates and digital learning resources to assist students, teachers, schools and workers impacted by COVID-19.