In this year’s Budget, a nominal excise duty of 1% [without input tax credit] and 12.5% [with input tax credit] has been imposed on articles of jewellery. Even for this nominal 1% excise duty, manufacturers are allowed to take credit of input services, which can be utilised for payment of duty on jewellery. Some doubts have … Continue reading CLARIFICATIONS ON LEVY IMPOSED ON JEWELLERY

Citation [Commissioner of Customs (Import) v. M/s. Do Best Infoway in C/Misc./40433/2015 and C/41062/2] (Pronounced in open court on 29.02.2016) BRIEF FACTS Revenue has come in appeal before the Hon'ble Tribunal against the order passed by Learned Commissioner (Appeals) setting aside the assessment enhancing the declared value in respect of imported aluminium foil paper from … Continue reading TRIBUNAL REQUESTED CBEC TO ISSUE APPROPRIATE GUIDELINE TO THE QUASI JUDICIAL AUTHORITIES IN ADMINISTRATIVE JUSTICE SYSTEM TO DISCHARGE THEIR DUTIES PUBLICLY IN ACCORDANCE WITH LAW