Indirect Taxation

ONE OF THE CONDITIONS FOR AVAILING CENVAT CREDIT ON OUTWARD TRANSPORTATION FROM THE PLACE OF REMOVAL IS THAT SELLER HAS TO BEAR THE RISK OF LOSS OR DAMAGE TO THE GOODS DURING TRANSIT: CESTAT, Kolkata Bench

A. Brief facts of the case: The issue involved in the present case is whether appellant will be eligible to CENVAT Credit on transportation services from the factory to the point of delivery of the customers. The brief fact of this case is that the Respondent (M/s. Bijoy Concrete Works) has taken CENVAT Credit on… Read More

Tags: Central Board of Customs & ExciseCentral ExciseCentral Excise ActCESTATIndirect taxIndirect Taxation

Discount known prior to clearance of goods must be deducted from Transaction Value – CESTAT

ACTUAL AMOUNT THAT THE BUYER IS LIABLE TO PAY AT THE TIME OF SALE OR AT ANY OTHER TIME SHALL BE THE TRANSACTION VALUE: CESTAT - MUMBAI  A.    Brief Facts of the Case: 1.1       In this case, the Appellant are the manufacturer of P & P Medicines falling under sub-heading No. 3003.10 of the… Read More

Tags: Central ExciseCESTATIndirect TaxationValuation

CBEC to Issue Appropriate Guideline to the Quasi Judicial Authorities in Administrative Justice System – CESTAT

CBEC TO ISSUE APPROPRIATE GUIDELINE TO THE QUASI JUDICIAL AUTHORITIES IN ADMINISTRATIVE JUSTICE SYSTEM TO DISCHARGE THEIR DUTIES PUBLICLY IN ACCORDANCE WITH LAW: CESTAT - CHENNAI A.       Brief Facts of the Case:  A.1      Revenue has come in appeal before the Hon'ble Tribunal against the order passed by Learned Commissioner (Appeals) ("First Appellant… Read More

Tags: CBECCESTATCommissioner (Appeals)CustomsIndirect Taxation

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