Central Excise

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INTRODUCTION:

The saying “Change is constant“ is very much true in indirect taxes – more so in Excise Duty. Not a year passes without changes in Excise law. Strangely the changes may sometimes lead to metamorphosis in law.

The executives engaged in tax planning find it difficult to cope with the frequent radical changes in law thanks to the day to day on the job pressure. Excise law involves a wide range of areas. To say a few – Assessable Value, Tariff Rate, Exemption, Remission, Recovery, Refund, Rebate, etc. There may be no occasion to deal with some areas. Occurrence of some may be occasional. Day in and day out judicial pronouncements are coming out with interpretation of the various provisions contained in Excise law. It is very difficult for the executives to keep track of them. On top of all these, instances are not rare wherein wrong objections are raised by assessment officers / audit officers. Reason for the wrong query may be either on account inadequacy of knowledge or wrong understanding of law or even out of fear of punishment for possible error in assessment of duty. The executives should therefore be adequately equipped to meet such departmental queries with convincing replies. Surprisingly, this exercise may sometimes even lead to the extent of educating the departmental officers.

A day of complete soaking in excise law will go a long way in increasing the acumen of the executives and honing their skills.

(1) CENTRAL EXCISE

  • Basic Concepts – What, When, Why, How & Whom
  • Definition of Important Terms
  • Obligations of a Manufacturer
  • Valuation under Sec. 4 / Sec. 4A
  • Handling of return of duty paid goods
  • Procedure for Export of goods on payment of duty / without payment of duty

(2) CENVAT CREDIT SCHME

  • Basic Concepts – What, When, Why, How & Whom
  • Definition of Important Terms
  • Availment of utilization of credit on Inputs, Capital Goods and Input Services
  • Restrictions in availment and utilization of credit
  • Removal of Inputs / Capital goods
  • Job work procedure
  • Input Service Distributor – scheme & procedure

Workshop will also cover restrictions imposed by recent notifications in Central Excise for availing exemptions by textile manufacturers and those opted for payment of excise duty @ 2%.

Faculty :

Mr. P C Parikh

Corporate Consultant – Excise & Service Tax

  • 13 years industrial experience in Finance at various levels in reputed Corporate.
  • Practicing for more than two decades in Excise & Service Tax as a Corporate Consultant
  • Guided several corporate to optimize the Indirect Tax benefits
  • Associated to publish popular books on Excise, CENVAT and Service Tax.

Timings: 9:30 am – 5:30 pm , Registration begins at 9:00 am

How to Register:

  • Fees: Rs. 8,500/- +14 % service tax per person
  • Please write to register@princetonacademy.co.in / Call -022 66976892/74
  • Mention the name of participant, company, contact details .
  • Cheque favouring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
  • Fees includes lunch, tea, course material etc.