SC issues notice to Revenue
in appeal against Delhi CESTAT decision which confirmed excise duty demand on
HR coils that were cut away during manufacture of MS spirally welded pipes;
While affirming the adjudication order, CESTAT had rejected assessee’s claim
that slitting of HR coils was a separate process which did not amount to
manufacture; Appreciating the process of manufacture of spirally welded pipes,
CESTAT had noted that cutting away of uneven edge of HR coils could not be
considered as independent process inasmuch as it was process carried out by way
of preparation in continuous process leading to finished product, viz. pipes;
There was no dispute that pieces of HR coils which were cut away were nothing
but scrap, it had to be considered as emerging in the manufacture of finished
product only and therefore, the same was liable to excise duty; CESTAT had also
rejected assessee’s claim of benefit under Notification No. 89/95-CE which
exempted waste and scrap arising in course of manufacture of exempted goods,
observing that while assessee claimed exemption under Notification No.
6/2006-CE to clear pipes, it also cleared goods on payment of excise duty :
SC
Subscribe to:
Post Comments (Atom)
Identifying a Drafting Error in GST Amnesty Provisions
Provision Regarding Amnesty Scheme Section 128A was introduced into the Central Goods and Services Tax (CGST) Act by the Finance Act, 2024,...
-
In this article, for the benefit of our reader’s we have come up with detailed FAQ on procedures of issuance, requirement of Form 15CA an...
-
1. Situation I. Tax Department Summons An employee received a summons from the tax department demanding an explanation for failing to discl...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
In this post, I will discuss Secretarial Standards related to Proxies under SS – 2. Right to Appoint: A Member entitled to attend and ...
-
Many of us rely on home loans to purchase residential property, but are you fully aware of how tax laws impact your financial strategy? Unde...
-
Summary of the relevant updates is provided below for ease of your reference: A) Proposals relating to GST law, Compliances an...
-
Particulars Singapore Hong Kong Corporate Tax rate 17% 16.5%. Numb...
-
The circular of the Board dt. 28.06.1965 No. 17 (XL-36), provides for inspection fees and fees for certified copies of assessment and...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
No comments:
Post a Comment