Circular No. 995/2/2015-CX F. No. 206/03/2014-CX.6 dated the 27th Feb., 2015 Subject: Central Excise and Service Tax Audit norms to be followed by the Audit Commissionerates-reg 1. Audit Commissionerates have been created with an objective to improve the functional efficiency of…
Category: Excise Duty
Department clarification by Circular on Audit by Central Excise officer
Honorable Delhi High Court in case of M/s Travelite (India) (2014-TIOL-1304-HC-DEL-ST) has held that the powers to conduct audit as envisaged in rule 5A (2) of the Service Tax Rules, 1994, does not have appropriate statutory backing and therefore quashed…
Bank has preferential right to recover Dues over Indirect Tax dues
The honorable Allahabad High Court in case of State Bank of India v Assistant Commissioner of Central Excise & Service Tax (2014) 49 303 Allahabad has held that Rights of a bank to recover its dues under SARFAESI Act have first preferential…
Audit by officers of Central Excise
Doubts have been raised in certain quarters regarding powers of a Central Excise officer to conduct audit, in the background of a recent judgment of Hon’ble High Court of Delhi dated 04.08.2014 in case of M/s Travelite (India) [2014-TIOL-1304-HC-DEL-ST] wherein the Hon’ble court has held that…
15th Oct’ 2014 — Last date for filing Quarterly return of Excise
The quarterly return for the First Stage Dealer/ Second Stage Dealer/ Registered Importer for the period July-September, 2014 is required to be filed on or before 15th October 2014. Share on: whatsapp