Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: list of goods taxed at 4% :: cpt :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: due date for vat payment :: ACCOUNTING STANDARD :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT Audit :: empanelment
 
 
Latest Circulars »
 Opening of all Agency Banks for government business on April 1, 2017 – Revised instructions
 All payment systems to remain closed on April 1, 2017
 Clarification on Income Computation and Disclosure Standard (ICDS) notified under section 145(2) of the Income-tax Act, 1961
 RBI-Calendar for Auction of Government of India Treasury Bills
 Issuance Calendar for Marketable Dated Securities for April-September 2017
 Formation of seven new districts in the State of Manipur - Assignment of Lead Bank Responsibility
 Availability of LAF and MSF windows on March 28, 2017 (RTGS Working Mumbai Holiday)
  Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
 Availability of LAF and MSF windows on March 25 and 26, 2017 (Saturday & Sunday)
 RBI Working Paper Series No. 5/2017: Comparison of Consumer and Wholesale Prices Indices in India: An Analysis of Properties and Sources of Divergence
 All Agency Banks and select offices of RBI to remain open on all days from March 25, 2017 to April 1, 2017

Seeks to further amend Notification No.12/2012-Central Excise
July, 20th 2015
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]

                                     Government of India
                                     Ministry of Finance
                                   (Department of Revenue)

                                                                   New Delhi, the 17th July, 2015
                                       Notification
                               No. 36/2015 ­ Central Excise


        G.S.R.         (E).- In exercise of the powers conferred by sub-section (1) of section 5A
of the Central Excise Act, 1944 (1 of 1944), the Central Government being satisfied that it is
necessary in the public interest so to do, hereby makes the following further amendments in the
notification of the Government of India in the Ministry of Finance (Department of Revenue), No.
12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 163(E), dated the 17th
March, 2012, namely:-




       In the said notification, in the ANNEXURE,-

(a)    for condition No. 16, and the entries relating thereto, the following shall be substituted,
       namely:-

  "16. If the said excisable goods are manufactured from inputs or capital goods on which
       appropriate duty of excise leviable under the First Schedule to the Excise Tariff Act
       or additional duty of customs under section 3 of the Customs Tariff Act, 1975 (51 of
       1975) has been paid and no credit of such excise duty or additional duty of customs
       on inputs or capital goods has been taken by the manufacturer of such goods (and not
       the buyer of such goods) under rule 3 or rule 13 of the CENVAT Credit Rules,
       2004.";


(b)       in Condition No. 20, in clause (a), for the existing entry the following entry shall be
substituted namely:-

"the said excisable goods are manufactured from inputs on which appropriate duty of excise
leviable under the First Schedule to the Excise Tariff Act or additional duty of customs under
section 3 of the Customs Tariff Act, 1975 (51 of 1975) has been paid and no credit of such
excise duty or additional duty of customs on inputs has been taken by the manufacturer of such
goods (and not the buyer of such goods), under rule 3 or rule 13 of the CENVAT Credit Rules,
2004;";
(c)      for condition No. 25, and the entries relating thereto, the following shall be substituted,
namely:-

  "25. If the said excisable goods are manufactured from inputs or by utilising input services
       on which appropriate duty of excise leviable under the First Schedule to the Excise
       Tariff Act or additional duty of customs under section 3 of the Customs Tariff Act,
       1975 (51 of 1975) or service tax under section 66 of the Finance Act, 1994 (32 of
       1994) has been paid and no credit of such excise duty or additional duty of customs
       on inputs or service tax on input services has been taken by the manufacturer of such
       goods (and not the buyer of such goods), under rule 3 or rule 13 of the CENVAT
       Credit Rules, 2004." ;


(d)    for condition No. 52A, and the entries relating thereto, the following shall be substituted,
namely:-




  "52A. If the said excisable goods are manufactured from inputs or capital goods or by
        utilising input services on which appropriate duty of excise leviable under the First
        Schedule to the Excise Tariff Act or additional duty of customs under section 3 of
        the Customs Tariff Act, 1975 (51 of 1975) or service tax under section 66 of the
        Finance Act, 1994 (32 of 1994) has been paid and no credit of such excise duty or
        additional duty of customs on inputs or capital goods or service tax on input
        services has been taken by the manufacturer of such goods (and not the buyer of
        such goods), under rule 3 or rule 13 of the CENVAT Credit Rules, 2004.".


                                                                         [F. No. 336/4/2015-TRU]



                                                                                  (Akshay Joshi)
                                                      Under Secretary to the Government of India

Note.- The principal notification No. 12/2012-Central Excise, dated the 17th March, 2012 was
published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number
G.S.R.163(E) dated the 17th March, 2012 and last amended vide notification No.32/2015-Central
Excise, dated the 4th June, 2015, published in the Gazette of India, Extraordinary, Part II, Section
3, Sub-section (i) vide number G.S.R.456(E), dated the 4th June, 2015.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions