Indirect Tax Laws - November 2017 MTP

(a) From the following particulars for the preceding financial year, find out whether Hard Manufacturing Co. is eligible for small scale exemption under Notification No. 8/2003C.E. dated 01-03-2003 for the current financial year: Sr. Particulars No.

Clearance of goods (duty paid based on annual capacity of production under section 3A of the Central Excise Act, 1944) Rs. (in lakhs) 50 150 85 250 190 Show your calculations, workings and explanations clearly, wherever required. Hard Manufacturing Co. is not a jewellery manufacturer. (5 Marks) (b) (i) Enumerate the activities or transactions which shall be treated neither as a supply of goods nor a supply of services. (5 Marks) (ii) What do you mean by composite supply &…

(a) Discuss the circumstances when an advance ruling will be void under the Central Excise Act, 1944. (4 Marks) (b) Service tax of Rs. 60,000 for the month of March, 2017 was paid on 24 th April, 2017 by an HUF. The value of taxable services provided by it during the preceding financial year was Rs. 12 lakh. Determine the amount of interest payable under section 75 of the Finance Act, 1994. Note: The service tax of Rs. 60,000 has…

(a) Whether production of mustard oil and oil cake from mustard seeds amounts to manufacture? You are required to examine the situation with the help of a decided case law. (4 Marks) (b) Protection Services, a proprietorship firm, was engaged in providing security services to its customers. A show cause notice for demanding service tax was issued to the firm and the demand was confirmed. The order was challenged in appeal before the Commissioner, Central Excise (Appeals). The Commissioner (Appeals)…