If there is any change in information supplied in form A-1, the same should be supplied in form A-1. We have perused the show cause notice. The application filled in all respects has to be submitted to Appraising Refund Section of Kolkata Customs House and obtain a dated acknowledgement. However, the disadvantage is that even if selling price of the product increases, the revenue earned by Govt. Briefly stated, assessee, a private limited company is carrying on the business of manufacturer and selling of drilling equipment to distributors and dealers.
Department of Income Tax and in the case of Badri Prasad Bhagvandas and Co. However, these expenses are includible only when the aforesaid conditions are satisfied i. Challan Status Inquiry Assessees can track online the status of their challans deposited in Banks. The content on this site may not be reproduced or redistributed without the express written permission of www. While giving relief on the issue of addition of turnover, Ld.
Provision can be made for availing credit of such service tax, in the premises where manufacturing activity is undertaken or the premises where the output services are rendered. Refunds amounts of less than Rs. The property of goods remains with the owner. This will be subject to change in every financial budget. In case of aluminum circles, duty is payable Rs.
The turnovers considered in the impugned four years are as under: A. If such wrong credit is availed or utilized on account of fraud, willful misstatement, collusion or suppression of facts or with intent to evade payment of duty, demand can be raised within five years. Criminal Liability - it involves imposition of fine and imprisonment. Alladi Drilling Equipments Private Limited Vs. The assessee complied with the direction of Stay order and pre-deposited penalty amount of Rs. The assessee complied with the direction of Stay order and pre-deposited of Rs.
Thus, this rule is applicable in case of removal of free samples or supply under warranty claims. However, if he pays only a part of the amount but pays the amount reserving the right to appeal, the interest is payable from the month following the month in which the duty ought to have been paid. Panchnama must be made for seizure of goods and seized goods must either be kept in police station or in the custody of the Excise Department. Hand-written serial numbers shall not be accepted. The Revenue further that the assessee has not produced any of such documents and, as such, the question of availing of any credit, on such basis, would not arise at all.
Executive Commercial , for the Appellant. . Only assessees manufacturing goods under specified tariff headings are required to submit the return. How to apply The refund application has to be filed within one year from the date of payment of Customs duty i. Otherwise necessary query will be raised for clarification.
Machinery covered under chapter 84. If the Bank Manager is unable to resolve the issue, you should address your grievance to the Bank's Regional Manager and the Regional Office of Reserve Bank of India for redressal. It is an optional scheme i. If the refund amount is more than Rs. Personal Hearing was held on 16.
Personal ledger Account is an account with the Central Government, which is utilized for payment of duty of excise. The audit parties visit the factories periodically. In view of the present situation, the refund claim was rejected stat. During Excise Invoice Creation Cenvat Suspense Account Dr. Intimation of cancellation of invoice should be sent to Range Superintendent on the same day of possible.
A unit is entitled for exemption only if its turnover in previous year was less than Rs. Measuring, checking and testing machines, etc. Assessing Officer also accepts it to be part of Turnover. It was the submission before the Ld. It was submitted that assessee had unaccounted turnovers and also unaccounted purchases, therefore addition of unaccounted purchase alone is not warranted. Thus, duty is levied as soon as taxable event occurs, but collection can take place anytime - before, at the time or even after the taxable event. If they notice any deficiency, the deficiency memo is issued.