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Description
Extremes are bad. Hence, Buddha advocated the middle path. During the cold war days, a press reporter tried to grill Mrs. Indira Gandhi, the then Prime Minister of India while she was on the official tour in USA:-Reporter: Do you lean towards USA or USSR?
Mrs. Gandhi: I stand erect
Stands like "Pro revenue" and "Pro assessee"- both are wrong. In fact, "Pro law" stand is right. We can know the correct position of law only when we read what department says and how judiciary interprets. That is why the Constitution has provided checks and balances to prevent possible unbridled misuse of power. Certainty and uniformity are the cornerstones of any law.
Change is the law of life. Many changes have been taking place and there is a rapid change to the existing laws at a jet speed with the process of globalization and liberalization. We have to keep pace, with ever-changing times. Ignorance and paucity of time is of no excuse. Ignorance is costly and exploited. Litigation helps others, but not the parties to it. It is frivolous, expensive and time consuming. Litigant is prepared to give up his skin hoping to retain his bones.
The book is designed to meet the needs of people who have neither time nor patience. The question -answer session in this book seeks to enlighten the readers on the myriad aspects of Central Excise law. But the chief merit of this book is that it caters to the needs of readers by providing correct legal interpretation of various provisions of the Central Excise and Allied Acts as succinctly as possible. It serves as a practical guide and a reference book.
The work deals with various subjects which assessees likely to confront. While a big assessee is not expected to know all these nuances, but his managers who handle them have to know. The information contained in this book would be of immense help to a host of people. The book is useful, informative and all-pervasive in its scope and utility, besides being good value for money. It is like a huge Mall/Super Market where you get whatever you want. It offers one-stop solution for all problems.
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Contents
Chapter 1 Introduction
Chapter 2 Registration
Chapter 3 Goods
Chapter 4 Manufacture
Chapter 5 Liability to Pay Central Excise Duty
Chapter 6 Classification
Chapter 7 Valuation
Chapter 8 Maximum Retail Sale Price
Chapter 9 Assessment
Chapter 10 Provisional Assessment
Chapter 11 Date for Determination of Rate of Duty and Tariff Value
Chapter 12 Appropriate Rate of Duty
Chapter 13 Captive Consumption
Chapter 14 Job Work
Chapter 15 Education Cess
Chapter 16 Challan – T.R. 6
Chapter 17 Invoice System
Chapter 18 Payment of Duty
Chapter 19 Payment of Duty Under Protest
Chapter 20 Records and Registers
Chapter 21 Returns
Chapter 22 Removal of Goods for Job Work or Other Purposes
Chapter 23 Repairs/Reconditioning/Reprocessing
Chapter 24 Return of Duty Paid Goods to the Factory
Chapter 25 Cenvat Credit
Chapter 26 Dealers
Chapter 27 Concessional Rate of Duty
Chapter 28 Storage of Duty Paid Goods
Chapter 29 Storage of Non-Duty Paid Goods
Chapter 30 Bonds and Letters of Undertaking
Chapter 31 Exhibitions/Fairs
Chapter 32 EOU/EHTP/STP/SEZ
Chapter 33 Export under Bond
Chapter 34 Export under Rebate
Chapter 35 Export Warehousing
Chapter 36 Merchant Exports
Chapter 37 Served from India Schemes (SFIS)
Chapter 38 Jammu & Kashmir (J&K)
Chapter 39 North East Region
Chapter 40 Uttaranchal and Himachal Pradesh
Chapter 41 Cold Starage
Chapter 42 Plant & Machinery
Chapter 43 Samples
Chapter 44 SSI General
Chapter 45 SSI Brand Name
Chapter 46 SSI Clubbing
Chapter 47 SSI Export
Chapter 48 SSI Job Work
Chapter 49 Large Tax Payers Unit
Chapter 50 Public Sector Undertakings
Chapter 51 Spares and Components
Chapter 52 Liquid Gases
Chapter 53 Petroleum Products
Chapter 54 Stainless Steel Pattis/Pattas and Aluminum Circles
Chapter 55 Water Treatment Project
Chapter 56 Tax-Prayer’s Assistance Unit
Chapter 57 Advance Rulings
Chapter 58 Website
Chapter 59 Weighment Outside
Chapter 60 Over Time Fee
Chapter 61 Recovery of Dues
Chapter 62 BIFR
Chapter 63 Installments – Payments of Dues
Chapter 64 Write-Off of Irrecoverable Arrears
Chapter 65 Refund/Rebate
Chapter 66 Remission of Duty and Destruction of Goods
Chapter 67 Perishables
Chapter 68 Waste and Scrap
Chapter 69 Miscellaneous Matters
Chapter 70 Visits
Chapter 71 Excise Audit 2000
Chapter 72 Summons
Chapter 73 Statement
Chapter 74 Protective Demands
Chapter 75 Show Cause Notice
Chapter 76 Search, Seizure & Confiscation
Chapter 77 Provisional Release
Chapter 78 Offences, Penalties & Confiscation
Chapter 79 Interest
Chapter 80 Arrest or Detention
Chapter 81 Prosecution
Chapter 82 Adjudication
Chapter 83 Pre-Deposit/Deposit
Chapter 84 Appeals
Chapter 85 Settlement Commission
Chapter 86 Part II – Relating C.E. Tariff
Chapter 87 Preparations of Vegetables, Fruit, Nuts or other Parts of Plants
Chapter 88 Miscellaneous Edible Preparations
Chapter 89 Tobacco Products
Chapter 90 Salt, Sulphur, Earths and Stone, Plastering Materials, Lime and Cement
Chapter 91 Ore, Slag and Ash
Chapter 92 Mineral Fuels, Minerals Oils and Products of their Distillation; Bituminous
Substances; Mineral Waxes
Chapter 93 Chemicals
Chapter 94 Pharmaceutical Products
Chapter 95 Essential Oils and Resinoids; perfumery, Cosmetic or Toilet Preparations
Chapter 96 Plastics and Articles Thereof
Chapter 97 Paper & Paper Board
Chapter 98 Cotton
Chapter 99 Quilts, Quilted Bed Spreads
Chapter 100 Articles of Apparel and Clothing Accessories, Knitted or Crocheted
Chapter 101 Articles of tone, Plaster, Cement Asbestos, Mica or Similar Material
Chapter 102 Iron and Steel
Chapter 103 Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts
thereof
Chapter 104 Electrical Machinery and Equipment & Parts Thereof; Sound Recorders and
Reproducers, Television image and Sound Recorders & Reproducers, Parts
and Accessories of such Articles
Chapter 105 Vehicles other than Railway or Tramway Rolling Stock, and Parts and
Accessories Thereof
Chapter 106 Quilts, Quilted Bed Spreads, etc.
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Author Details
P. Veera Reddy, Assistant Commissioner of Custom; Central Excise and Service Tax hails from Jonnalagadda in Guntur District, A.P. He belongs to an agricultural family. After completing M.Com., he joined the Dept. as Inspector in 1975 got promotion as Supdt. in 1991 and Asst. Commissioner in 2009. Currently, he is working in Air Cargo Complex Chennai.
He is a voracious reader and prolific writer and poet in English and Telugu literature. So far, he has authored 30 books on Excise and Customs, EOU Exports, Imports, Service Tax besides some general books. Besides writing some departmental books, he is also deeply interested in nature, Occult and Medical Sciences, Literature, Psychology, Philosophy, Spirituality, Homeopathy, Naturopathy Rekhi and Pranic Healing.
P. Mamatha B.Com., ACA, has been independently writing books on Central Excise, Service Tax and EOU and also contributing articles in ELT, STR and RLT. She is a co-author in respect of some titles viz. How to handle Central Excise Problems, How to handle Customs Problems, How to handle Service Tax Problems, Export Documentation, Import Documentation, Exports Made Easy and Imports Made Easy published by us. She likes to pursue her interest in indirect taxes besides writing books and articles. She is employed in a private industry based in Hyderabad. |
