CA FINAL – INDIRECT TAXATION - IMPORTANT AREA’S FOR THE NOVEMBER 2013

CA
FINAL – INDIRECT TAXATION - 

IMPORTANT AREA'S FOR THE NOVEMBER 2013

by.  CA. S. SEETHARAMAN

CENTRAL EXCISE

1.     
Transaction
Value Problem

2.     
MRP
Valuation

3.     
CENVAT
–

a.      
Application
of  Theory - Definition

b.     
Problem
- Reversal of Cenvat By Banking services / NBFC 

c.      
Theory
– R-7 & 7A ISD /R-10A  SAD/ R-12A LTU

4.      Penalty on  failure
to pay the amount on removal of inputs/capital goods as such, removal of
capital goods after use and writing off the value of the inputs/capital goods
(refer RTP Nov 13- Pg-142).

5.      Excise Returns (Especially ER-7 & 8)

6.      Who can apply to Advance Rulings – (refer RTP Nov 13- Pg-144).

7.      Recovery procedure against confirmed demand orders –(refer RTP Nov 13-
Pg-145).

8.      Case Laws In Excise

1)      Basis –

a.       Commissioner v. Steel Authority of India Ltd.
2012 (283) E.L.T. A112 (S.C.)

b.      CCE v. Osnar Chemical Pvt. Ltd. 2012 (276) E.L.T. 162 (S.C.)

2)      Classification –

a.       CCEx. v. Connaught Plaza Restaurant (Pvt) Ltd.
2012 (286) E.L.T. 321 (S.C.)

b.      CCE v. Wockhardt Life Sciences Ltd. 2012 (277) E.L.T. 299 (S.C.)

3)      Valuation –

a.       Tata Motors Ltd. v. UOI 2012 (286) E.L.T. 161
(Bom.)

4)      CENVAT

a.       CCEx v. Cadila Healthcare Ltd. 2013 (30)
S.T.R. 3 (Guj.)

b.      Sintex Industries Ltd. vs. CCEx 2013 (287) ELT
261 (Guj.)

5)      SSI

a.       CCEx vs. Australian Foods India (P) Ltd 2013
(287) ELT 385 (SC)

b.      Commissioner v. Elex Knitting Machinery Co. 2012 (283) E.LT. A18 (S.C.)

6)      Others

a.       Jay Kumar Lohani v. CCEx 2012 (28) S.T.R. 350
(M.P.)

b.      C.C.E. & C. v. Gujarat Narmada Fertilizers
Co. Ltd. 2012 (285) E.L.T. 336 (Guj.)

c.       CCEx. v. Castrol India Ltd. 2012 (286) E.L.T.
194 (Bom.)

d.      Mihani Network v. CCus. & CEx. 2012 (285)
ELT 182 (MP)

e.       Nanumal Glass Works v. CCEx. Kanpur, 2012
(284) E.L.T. 15 (All.)

 

SERVICE
TAX;

1.      Negative List (Especially Agriculture, Advertisement, Toll Collection
& Education)

2.      Declared Services  + Valuation
=> Work Contract & Construction Services

3.      POT – Rule 4, 7, 8 & 8A

4.     
POPs - Wipro
Ltd. v. Union of India 2013 (29) S.T.R. 545 (Del.)

5.     
MEN – Education Service/
Parking/ Service to Aircraft/ Hotel Accommodation

6.     
Reverse Charge – GTA/
Security/ Director

7.      Case Studies –(refer RTP Nov 13- Pg-154).

8.      Case Law –

a.       DBOI Global Service Pvt. Ltd. v. UOI 2013 (29)
S.T.R. 117 (Bom.)

b.      Intercontinental Consultants & Technocrats
Pvt. Ltd. v. Union of India 2013 (29) S.T.R. 9 (Del.)

CUSTOMS

1.     
Define Derelict,  Flotsam,  Jetsam
and  Wreck

2.     
Valuation Problem – Assessable Value/ Duty Liability

3.     
Baggage's

4.     
Duty Drawback – Problem

5.     
Case Law

a.      
Uniworth Textiles Ltd.
vs. CCEx. 2013 (288) ELT 161 (SC)

b.     
Thakker Shipping P. Ltd.
v. Commissioner of Customs (General) 2012 (285) E.L.T. 321 (S.C.)

VAT

1.     
Variants of VAT

2.     
Method of Computation of VAT

3.     
Practical Problem – ITC based (CST + Stock Transfer+
Captive Consumption + Free)

4.     
Eligibility/ Merits & Demerits of Composition
Scheme

5.     
VAT Incentive

6.     
VAT & Hire Purchase / VAT & Works Contract

 

NOTE: The above questions
shall be given priority in the preparation.

 

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