Home Highlights July 2019 Year 2019 This

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1. When excise duty is exempted, there is no question of payment of additional duty - SC

2. Levy of Countervailing Duty – Once there was no excise duty on such goods produced domestically question of levying additional duty in form of giving such protection...

3. Cross Utilization of CENVAT Credit - wrong utilization of Additional Duty of Excise (T&TA) for the payment of Basic Excise Duty and AED (GOSI) - levy of interest...

4. Reversal of Cenvat Credit - Scope of exemption notification - Notification exempting the basic excuse duty but not additional duty of excise - As per Rule 2(d),...

5. Whether tax credit paid on purchases of Oxygen Gas and LPG used in cutting hull of the ship during ship breaking/scrapping process is admissible - Held Yes - HC

6. Allowability of excise duty refund u/s 80IB - There is an inextricable link between the manufacturing activity, the payment of central excise duty and its refund -...

7. Ship breaking activity - The raw materials which were inputs arising out of ship breaking material were cleared at the nil rate of duty and hence the benefit of...

8. Seeks to prescribe rates of Special Additional Excise Duty for exports of petrol and diesel - Notification

9. Seeks to increase the effective rate of Special Additional Excise Duty on Petrol and Diesel.

10. TCS u/s 206C - TCS & interest liability where the buyer has paid the taxes - sale of ship-breaking scrap against delcaration in Form no. 27C - matter remanded back to...