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WORKSHOP ON EXCISE AND SERVICE TAX by swamy associates 15.02.2008

Join us for a comprehensive workshop covering key topics in excise and service tax, including valuation rules, appellate remedies, cenvat credit, recent events, service tax implementation, and more. Stay updated on the latest industry insights!

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WORKSHOP ON EXCISE AND SERVICE TAX by swamy associates 15.02.2008

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  1. WORKSHOP ON EXCISE AND SERVICE TAXbyswamy associates15.02.2008

  2. CENTRAL EXCISE

  3. MANUFACTURE • Section 2 (f) • Deemed manufacture. • Third schedule.

  4. VALUATION Section 4 – Transaction Value

  5. SECTION 4 & Valuation Rules • Rule 4 - Comparable goods. • Rule 5 - Freight and Insurance. • Rule 6 - Additional consideration. • Rule 7 - Depot clearance. • Rule 8 - Captive consumption. • Rule 9 - Related person. • Rule 10 - Interconnected undertaking. • Rule 10A – Jobwork. • Rule 11 - Best judgement

  6. SECTION 4 A • Weights and Measures. • OE Exemption. • Different MRP.

  7. APPELLATE / OTHER REMEDIES • Commissioner (Appeals). • CESTAT. • Settlement Commission. • Pre deposit.

  8. CENVAT CREDIT • Inputs / Capital Goods / Input Services. • Cross utilisation. • Input Service Distributor. • Rule 6. • 4 % CVD – credit thereof. • Jobwork vis-à-vis 214/86.

  9. RECENT EVENTS • Credit on outward transportation. • Credit on outdoor catering. • Removal of used capital goods. • Write off / Provision. • Interest on supplementary invoices.

  10. LTU • Eligibility. • Transfer of Credit. • Removal of intermediate goods. • Adjustment of excess duty paid. • Removal of credit availed inputs & capital goods.

  11. SERVICE TAX

  12. Basic Features • Statutory provisions. • Levy on service provider - Exceptions. • Levy on realisation.

  13. Valuation. • Gross amount. • Consideration in kind. • Reimbursements. • Abatements. • Service provided free.

  14. Certain important services. • Business auxiliary service. • Business support service. • Construction service. • E/C/I. • Franchisee Service. • Intellectual Property service.

  15. Certain important services. • Goods Transport Agency service. • Renting of immovable property. • Works Contract service. • Repairs & Maintenance. • Ungal choice.

  16. Export of services. • Criteria. • Benefits.

  17. Import of services. • Position from 28.02.1999. • Position from 16.08.2002. • Position from 16.06.2005. • Position from 19.04.2006.

  18. RECENT EVENTS • Revised return. • Fee for delayed return. • Utilisation of credit for GTA. • Export related refund. • Self adjustment.

  19. THANKS

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