Ppt indirect tax

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about central excise tax

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Ppt indirect tax

  1. 1. Central excise Introduction
  2. 2. Central excise act 1944 <ul><li>Introduction </li></ul><ul><li>Sources </li></ul><ul><li>Definitions </li></ul><ul><li>Sales tax(central sales tax) </li></ul><ul><li>exemptions </li></ul>
  3. 3. Excisable goods <ul><li>Manufacturer </li></ul><ul><li>Producer </li></ul>
  4. 4. We bear it <ul><li>Customers </li></ul>
  5. 5. The two sides of a coin <ul><li>Central excise duty </li></ul><ul><li>State excise duty </li></ul>
  6. 6. Central excise duty <ul><li>Payable B4 removable </li></ul><ul><li>Assessable value by officer </li></ul><ul><li>Central excise tariff 1985 </li></ul><ul><li>Central and state distribution </li></ul><ul><li>Advalorem </li></ul><ul><li>(specific) </li></ul>
  7. 7. What are the goods <ul><li>(Exceptions) </li></ul><ul><li>alcoholic liquors </li></ul><ul><li>Opium </li></ul><ul><li>Narcotic drugs </li></ul><ul><li>All the other goods manufactured or produced </li></ul>
  8. 8. sources <ul><li>Central excise act 1944 </li></ul><ul><li>Central excise tariff act 1985 </li></ul><ul><li>Rules by central govt. </li></ul><ul><li>Central board of customs and excise </li></ul><ul><li>Notification by central govt. </li></ul>
  9. 9. Add on… <ul><li>Additional duties of excise act </li></ul><ul><li>Goods of special importance </li></ul><ul><li>Medicinal and toilet preparation </li></ul><ul><li>Customs and excise revenue appellate act 1986 </li></ul><ul><li>Mineral oils 1958 </li></ul><ul><li>Gold Atrules1982) </li></ul>
  10. 10. cenvat <ul><li>I schedule </li></ul><ul><li>II Schedule </li></ul>
  11. 11. I schedule <ul><li>20 sections 96 chapters </li></ul><ul><li>CENVAT </li></ul><ul><li>Advalorem basis </li></ul>
  12. 12. Second schedule <ul><li>8% & </li></ul><ul><li>16%(uniform rates) </li></ul>
  13. 13. Things to remember <ul><li>Always read the book fully B4 you read the topics </li></ul><ul><li>There are three ways to success they are </li></ul><ul><li>Hard work, hard work and hard work. </li></ul>
  14. 14. Keep yourself updated <ul><li>Thank you </li></ul><ul><li>Gayathry.L </li></ul>

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