Valuation - Short payment of excise duty - appellant had acted ...

Central Excise

August 26, 2015

Valuation - Short payment of excise duty - appellant had acted under bona fide belief that VAT amount collected by them from the customers and retained was not includible in the assessable value - longer limitation period would not be available and as such - AT

View Source

← Previous Next →

Valuation - Short payment of excise duty - appellant had acted ...

Central Excise

August 26, 2015

You may also like:

Penalty for non deduction of tax at source - bona fide belief proved - penalty set aside - AT

Valuation - the installation, erection & commissioning charges are not added/included in the assessable value for determination of Central Excise duty - AT

Remission of tax and penalty – Whether non-registration is a bona fide error u/s 41(1) of Gujarat VAT Act – all contentions of the petitioner rejected - HC

Classification of goods - toys, viz., Talking Parrot - bona fide belief - penalty, as imposed on the appellant/assessee is not justified in the facts of the present case - HC

Penalty under section 271(1)(c) – assessee in bona fide belief that Dharmada collections were not part of its income but were diverted by an overriding title towards...

Valuation - Job work - fabric + job work charges – alleged that merchant manufacturers suppressed the value of grey fabric, which resulted in short payment of duty by...

Refund - valuation - The liquidated damages have to be deducted from the assessable value given in the invoice in respect of payment of central excise duty - refund of...

Extended period of limitation - intent to evade payment of duty - Suppression - The reason for such bona fide belief stands corroborated from the fact that the service...

Confirmation of notional addition – Excise duty added in the value of the closing stock of finished goods – a liability cannot be converted into an asset - AT

Capital or revenue expenditure - payment of custom duty for de bonding increases value of the asset and it is required to be added to the costs or written down value - AT

Quick Updates: