BRIEF FACTS The Appellant imported machinery i.e. Schwing mobile concrete pump placers from their related supplier. Though both the foreign supplier and the Appellant are related, as per the O-I-O of the Deputy Commissioner of Customs (SVB) dated December 22, 2000, the transaction value was accepted. The Deputy Commissioner also ordered that an amount of … Continue reading SERVICE CHARGES AND OTHER CHARGES PAID TO OVERSEAS SUPPLIER TOWARDS VARIOUS SERVICES WHICH HAVE NO NEXUS WITH IMPORT OF GOODS NOT ADDABLE TO THE TRANSACTION VALUE OF IMPORTED GOODS COVERED IN THEIR APPEALS UNDER RULE 10 (1) (C) OF CUSTOMS VALUATION RULES, 2007- SOUTH ZONAL BENCH, CHENNAI

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

Brief Facts The Appellant [M/s. S.C. Johnson Products Private Limited (formerly known as M/s. Karamchand Appliances Private Limited)] is a manufacturer of insecticides & Electro thermic appliances falling under Chapters 38 & 35 respectively of the First Schedule to the Central Excise Tariff Act, 1985. The Appellant acquired first 50% of the equity shares of … Continue reading Prior permission not required from the statutory authorities for transferring the CENVAT Credit as a result of amalgamation/merger