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Bangalore University - B.Com 6th Sem - Central Excise Act and Central Excise Tariff Act (Taxation Gr
Posted Date: 11 Dec 2007 Resource Type: Articles/Knowledge Sharing Category: General
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Posted By: Jyothi Member Level: Diamond
Rating:  Points: 1
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Bangalore University - B.Com 6th Sem - Central Excise Act and Central Excise Tariff Act (Taxation Group)
CENTRAL EXCISE ACT AND CENTRAL EXCISE TARIFF ACT (Elective Paper - XIV)
OBJECTIVES:
To familiarise the students with tax laws and procedures relating to Central Excise and Central Excise Tariff Act.
UNIT – 1:
Nature of excise duty, Legislative history, coverage; Levy and Collection of excise duties under the Central Excise Act, 1944. Legal effects of notifications, Trade Notices and Tariff Advises.
UNIT – 2:
Provisions governing manufacture and removal of excisable goods, valuation under the Central Excise Act, 1944, Central Excise Valuation (Determination of transactional value) Rules 2000. Classification of goods under C.E.T. Act 1985 with reference to Rules of interpretation.
UNIT – 3:
Registration procedures. Assessment including provisional assessment, self-removal procedure, payment of duty. Procedure relating to storage of excisable goods, time and manner of payment of duty and matters relating to removal of goods.
UNIT – 4:
Maintenance of records, registers and filing of returns. Remission of duty. Procedure for exports, duty drawback.
UNIT – 5:
Provisions relating to CENVAT. Authorities under the Act and their Powers. Concessions for Small Scale industries. CENVAT on Capital Goods.
SKILL DEVELOPMENT:
1. Preparation of Registration Forms.
2. Preparation of prescribed returns such as ER1/ER2.
3. Preparation of challans for payment of duty.
4. Preparation of Manufacturers Invoice.
5. Compilation of P.L.As.
BOOKS FOR REFERENCE:
1. V.S. Datey: Indirect Taxes – Law and Practice.
2. Taxmann’s: Central Excise Mannual and Central Excise Tariff.
3. Taxmann’s: CENVAT Law and Procedure.
4. R.K. Jain: Central Excise Law Mannual and Central Excise Tariff of India.
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