Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Mandatory Pre-Deposit

Central Excise - Started By: - SHIVKUMAR SHARMA - Dated:- 5-10-2015 Last Replied Date:- 5-10-2015 - Dear ExpertsPlease Give your Expert advice Whether we can pay from our Cenvat credit account while filling the Appeal to the Appealate authority.SHIVKUMAR SHARMA - Reply By KASTURI SETHI - The Reply = Yes because duty paid character remains the same whether it is paid through Cenvat Credit account or cash. - Reply By SHIVKUMAR SHARMA - The Reply = Dear Sir As per our Excise authority the is requir .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

se duty. Pre-deposit is to be accounted under minor head other receipts-00380087. Sub-rule 4 of rule 3 of Cenvat Credit Rules, 2004 indicated what kind of duty can be paid through cenvat credit account. Pre-deposit is not one of them. Therefore you have to pre-deposit only by cash. - Reply By KASTURI SETHI - The Reply = In this regard, the CESTAT has issued a Circular No. F. No. 15/ CESTAT/ general/ 2013-14 dated August 28, 2014 which clarified as follows: Pre-deposit of the amount of Service ta .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

EW DELHI Dated: August 28, 2014 CIRCULAR Sub: Registration of appeals received on or after 06.08.2014 subsequent to amendment in the Customs Act, 1962, the Central Excise Act 1944 and the Finance Act, 1994- instructions- regd. As there is confusion of adjustment of Cenvat Credit against mandatory penalty, clarifications have been sought from Competent authority. In absence of any classificatory Circular on the issue, all the DRs/ARs/TOs are directed that the appeals received on or after 06.08.20 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version