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A recent decision of the Supreme Court has reopened the discussion on whether the erection of a plant, such as a power plant or paper mill should be considered to be an act of manufacture and therefore be charged excise duty, even though the component parts have already attracted such duty.
Download Citation Excisability of Plant and Machinery: Judicial Vacillation A recent decision of the Supreme Court has reopened the discussion on whether the erection of a plant, such as a
Excisability of plant and machinery assembled at site regarding Central Excise. X X X X Extracts X X X X.. f its component. In such a situation there is no manufacture of "goods" as it is only a case of assembly of manufactured goods into a system.
07-12-2020· Excisability of plant and machinery assembled at site-regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of goods erected and installed at site, to issue the following instructions.
Central Excise Excisability of Plant & Machinery assembled at site Communication of Board's Order No. 53 2 98 CX., dated 2 4 98 under Section 37B of C.E. Act, 1944 Regarding Central Excise
-Refrigerator/ AIr COnditioning Plants are immovable but "Air Conditioning Unit" is movable and so excisable. So each and every case is to be seen whether it is practicable to move the goods or not by air,water,land.This will decide the excisability of Plant & Machinery
Plant and Machinery means all of the fixed and loose plant, machinery, fixtures, fittings, furniture, utensils, templates, tooling, implements, chattels and equipment (including office equipment) together with the benefit of any manufacturers or suppliers' warranties in respect of such items, that at the Completion Time are:
PART 4. March 2012. Realising Plant and machinery; fixtures and fittings; goods on hire . 31.6.89 Third-party claims. Before dealing with any of the items covered by this Part the official receiver should ensure that he/she is satisfied that no other party has a valid claim over the items (see paragraph 31.6.7). Such valid claims may originate from a hire purchase or finance company, a
Plant and machinery valuation is important to every company‟s annual financial reporting. It is reported under the non-current assets section, and the valuers are generally employed to provide the up to date valuation of the non-current assets valuation such as property,
The plant and machinery which is assumed to be part of the hereditament and which falls to be rated as being within Class 2 of the Schedule to Regulation 2, is described as service plant. i.e
Excisability of Plant and Machinery %X A recent decision of the Supreme Court has reopened the discussion on whether the erection of a plant, such as a power plant or paper mill should be considered to be an act of manufacture and therefore be charged excise duty, even though the component parts have already attracted such duty.
-Refrigerator/ AIr COnditioning Plants are immovable but "Air Conditioning Unit" is movable and so excisable. So each and every case is to be seen whether it is practicable to move the goods or not by air,water,land.This will decide the excisability of Plant & Machinery and other goods assembled or
37B Order No. 58/1/2002 CX Central Board of Excise and Excisability of plant and machinery assembled at site-regarding In exercise of the power conferred under Section 37B of
Plant and machinery article Valuations WA Perth Property. Receivables, Inventory Plant & Machinery, Property and Intangibles. As for those transactions that involve assets outside of the AUSTRALIA, » Learn More. how to protect a plant from slags. conceptual design of aggregates crusher plant; excisability of plant and machinery; crusher plant
The adjudicating authority was justified in holding that fabrication of the plants in question out of duty paid bought out items amounts to manufacture of a new marketable commodity and therefore dutiable. The issue relating to excisability of plants and machinery assembled at site has been determined by this Court in several cases.
“EXCISABILITY AND TEST OF MARKETABILITY” By- CA Ravi Holani The term “Excisable Goods” as defined by Section 2(d) means goods specified in the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) as being subject to a duty of Excise and includes salt.
"Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs, New Delhi Sub: Excisability of plant and machinery assembled at site-Regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of
2.7 Excisability of Plant & Machinery, Waste and Scrap 2.10 2.8Manufacture 2.11 2.9Manufacturer 2.14 2.10 Classification of Goods 2.16 2.11 Valuation of Goods 2.21 2.12 Valuation in case of Job Work Rule 10A 2.34 2.13 Some Critical Issues in Central Excise 2.35 2.14 Assessable Value under Section 4
Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs, New Delhi Sub: Excisability of plant and machinery assembled at site-Regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of
"Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs, New Delhi Sub: Excisability of plant and machinery assembled at site-Regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of
Excisability of plant and machinery: judicial vacillation Public investment and regional disparities Health care access and marginal social spaces Unbundling of the state httpl:/epw.org.ln. Get your information straight. From d site thdt is not (and does not aspire to be) d broker.
Plant and machinery article Valuations WA Perth Property. Receivables, Inventory Plant & Machinery, Property and Intangibles. As for those transactions that involve assets outside of the AUSTRALIA, » Learn More. how to protect a plant from slags. conceptual design of aggregates crusher plant; excisability of plant and machinery; crusher plant
The adjudicating authority was justified in holding that fabrication of the plants in question out of duty paid bought out items amounts to manufacture of a new marketable commodity and therefore dutiable. The issue relating to excisability of plants and machinery assembled at site has been determined by this Court in several cases.
2.7 Excisability of Plant & Machinery, Waste and Scrap 2.10 2.8Manufacture 2.11 2.9Manufacturer 2.14 2.10 Classification of Goods 2.16 2.11 Valuation of Goods 2.21 2.12 Valuation in case of Job Work Rule 10A 2.34 2.13 Some Critical Issues in Central Excise 2.35 2.14 Assessable Value under Section 4
“EXCISABILITY AND TEST OF MARKETABILITY” By- CA Ravi Holani The term “Excisable Goods” as defined by Section 2(d) means goods specified in the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) as being subject to a duty of Excise and includes salt.
1.22 Dutiability of site related activities & immovable property, or, excisability of plant and machinery assembled at site [CBEC Order No. 58/1/2002-CX, dated 15-1-2002] 41 2TARIFF AND C LASSIFICATION 2.1 Central Excise Tariff Introduction and linkage with Central Excise Act 45 2.2 Classification of goods Meaning, need and guidance 46
1.7 EXCISABLE GOODS • Section 2(d) of Central Excise Act defines Excisable Goods as ‘Goods specified in the Schedule to Central Excise Tariff Act, 1985 as being subject to a duty of excise and includes salt. As per explanation to section 2(d), ‘goods’ includes any article, material or substance which is capable of being bought and sold for a consideration and such goods shall be deemed
"Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs, New Delhi Sub: Excisability of plant and machinery assembled at site-Regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of
From excisability and manufacture to valuation, Union Excise Duties have witnessed pitched courtroom battles over the past few decades. Going by the judicial rulings in the past 2 decades, it appears Cenvat Credit can be crowned as ‘mother of all battles’.
From these four agreements, Revenue has not disputed two agreements relating to design, manufacture and supply of imported plant, machinery and equipment and also for design, manufacture and supply of indigenous plant, machinery and equipment for setting up of the said SPM.
Excisability of plant and machinery assembled at site-regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of goods erected and installed at site, to issue the following instructions.
-Refrigerator/ AIr COnditioning Plants are immovable but "Air Conditioning Unit" is movable and so excisable. So each and every case is to be seen whether it is practicable to move the goods or not by air,water,land.This will decide the excisability of Plant & Machinery and other goods assembled or
Excisability of Plant and Machinery %X A recent decision of the Supreme Court has reopened the discussion on whether the erection of a plant, such as a power plant or paper mill should be considered to be an act of manufacture and therefore be charged excise duty, even though the component parts have already attracted such duty.
37B Order No. 58/1/2002 CX Central Board of Excise and Excisability of plant and machinery assembled at site-regarding In exercise of the power conferred under Section 37B of
Excisability of plant and machinery assembled at site-regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of goods erected and installed at site, to issue the following instructions.
Excisability of plant and machinery: judicial vacillation Public investment and regional disparities Health care access and marginal social spaces Unbundling of the state httpl:/epw.org.ln. Get your information straight. From d site thdt is not (and does not aspire to be) d broker.
"Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs, New Delhi Sub: Excisability of plant and machinery assembled at site-Regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of
3. In support of the appeal leaned counsel for the appellant submitted that the excisability on plant and machinery assembled at site has been considered by this Court and placed strong reliance on decision of this Court in Commissioner of Central Excise, Indore v. Virdi Brothers [2007 (207) ELT 321 (SC)]. 4.
"Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs, New Delhi Sub: Excisability of plant and machinery assembled at site-Regarding In exercise of the power conferred under Section 37B of the Central Excise Act, 1944, the Central Board of Excise and Custom considers it necessary, for the purpose of uniformity in connection with classification of