Monthly Archives: February 2017

Government amends the Mega Exemption Notification 25/2012 -Service Tax

By | February 10, 2017

Seeks to amend notification No. 25/2012-Service Tax, dated 20th June 2012, so as to amend certain existing entries granting exemption on specified services and inserting new entries for granting exemption from service tax on specified services. NOTIFICATION NO.7/2017-ST, DATED 2-2-2017 In exercise of the powers conferred by sub-section (1) of section 93 of the Finance… Read More »

CENVAT Credit (Amendment) Rules 2017

By | February 10, 2017

CENVAT CREDIT (AMENDMENT) RULES, 2017 – AMENDMENT IN RULES 6 AND 10 NOTIFICATION NO.4/2017-C.E. (N.T.), DATED 2-2-2017 In exercise of the powers conferred by section 37 of the Central Excise Act,1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to… Read More »

Amendment in Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008

By | February 10, 2017

PAN MASALA PACKING MACHINES (CAPACITY DETERMINATION AND COLLECTION OF DUTY) AMENDMENT RULES, 2017 – AMENDMENT IN FORM NO.2 NOTIFICATION NO.2/2017-C.E. (N.T.), DATED 2-2-2017 In exercise of the powers conferred by sub-sections (2) and (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further… Read More »

6% concessional excise/CV duty on machinery required for setting of fuel cell for generation of power

By | February 10, 2017

Seeks to prescribe 6% concessional excise/CV duty on all items of machinery required for (a) initial setting up of fuel cell based system for generation of power or for demonstration purposes and (b) for balance of systems operating on biogas or bio-methane or by-product hydrogen. NOTIFICATION NO.5/2017-C.E., DATED 2-2-2017 In exercise of the powers conferred… Read More »

Cenvat Credit available on input services even if depreciation is also claimed on it

By | February 10, 2017

CESTAT, MUMBAI BENCH Shree Pandurang SSK Ltd. v. Commissioner of Central Excise, Pune-III RAMESH NAIR, MEMBER, (J.) APPEAL NO. E/592 OF 2012 ORDER NO. A/85139/17/SMB DECEMBER  7, 2016 Sanjay Hasija, Superintendent (AR) for the Respondent. ORDER Ramesh Nair, Member (J.) – The issue involved in the present case is that appellant availed Cenvat credit in… Read More »