![CBIC clarifies BCD Rate applicable on Parts used in the Manufacture of LCD/LED TV Panels [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/07/CBIC-BCD-rate-0-Manufacture-LCD-LED-TV-Panels-taxscan.jpg "CBIC clarifies BCD Rate applicable on Parts used in the Manufacture of LCD/LED TV Panels [Read Circular]")
CBIC clarifies BCD Rate applicable on Parts used in the Manufacture of LCD/LED TV Panels [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification regarding the applicability of the Basic Customs Duty (BCD) rate on...
![CENVAT Credit allowable to Iron and Steel items used for maintenance of Machinery: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/CENVAT-Credit-Iron-and-Steel-items-maintenance-of-machinery-CESTAT-taxscan.jpeg "CENVAT Credit allowable to Iron and Steel items used for maintenance of Machinery: CESTAT [Read Order]")
![CBIC withdraws Circular on Excisablity of Waste arising during Manufacture of Excisable Products [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/07/CBIC-Circular-Waste-Manufacture-Excisable-Products-taxscan.jpeg "CBIC withdraws Circular on Excisablity of Waste arising during Manufacture of Excisable Products [Read Circular]")
![Manufacture of Alcoholic Liquors is State Subject: No Central Excise Duty on Manufacture of Carbon Dioxide Gas during Manufacture of Beer [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Manufacture-Alcoholic-Liquors-Central-Excise-Dut-Carbon-Dioxide-Gas-taxscan.jpeg "Manufacture of Alcoholic Liquors is State Subject: No Central Excise Duty on Manufacture of Carbon Dioxide Gas during Manufacture of Beer [Read Order]")
![Excise Duty cannot be Levied by State on Alcohol which is not Fit for Human Consumption: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Excise-Duty-State-Human-Consumption-Supreme-Court-taxscan.jpg "Excise Duty cannot be Levied by State on Alcohol which is not Fit for Human Consumption: Supreme Court [Read Judgment]")
Income received in Excess of Face Value of Shares u/s 56 of Income Tax Act is Taxable: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, Income received in Excess of Face Value of Shares under Section 56 of the Income Tax Act is Taxable. The assessee is...
![Brand Owner liable to pay GST on Surplus Profit from Manufactures: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Surplus-Profit-AAR-Taxscan.jpg "Brand Owner liable to pay GST on Surplus Profit from Manufactures: AAR [Read Order]")
![Activity of Changing MRP / affixing MRP stickers in Godown amount to ‘Manufacture’: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/MRP-CESTAT-Taxscan.jpg "Activity of Changing MRP / affixing MRP stickers in Godown amount to ‘Manufacture’: CESTAT [Read Order]")
No Excise Duty on Scrap Materials as they are not emerging due to a Manufacturing Process: CESTAT [Read Order]
The Delhi bench of the CESTAT last day held that the excise duty is not payable on scrap materials as they are not incidental to a process of manufacture. In the instant case, the Assessee is engaged...
![No Excise Duty on Scrap Materials as they are not emerging due to a Manufacturing Process: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Scrap-PVC-Shell-Taxscan.jpg "No Excise Duty on Scrap Materials as they are not emerging due to a Manufacturing Process: CESTAT [Read Order]")
Fatty Acids, Wax and Gum emerged during manufacture of Refined Vegetable Oil are not subject to Excise Duty: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) recently held that by-products emerging during the course of manufacture of refined vegetable oil such as fatty acids, Wax, and gum are...
![Fatty Acids, Wax and Gum emerged during manufacture of Refined Vegetable Oil are not subject to Excise Duty: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Excise-Duty-Taxscan.jpg "Fatty Acids, Wax and Gum emerged during manufacture of Refined Vegetable Oil are not subject to Excise Duty: CESTAT [Read Order]")
Activity of Providing BPL Kits would not amount to “Manufacture”, Excise Duty not Leviable: CESTAT [Read Order]
Quashing the demand of excise duty on the activity of providing BPL Kits, the Delhi bench of the CESTAT observed that to levy central excise duty on any goods, the same should have been produced or...
Supplying Audio of the Back Ground Sound to a Film already shot amounts to “Manufacture”: J&K HC allows IT Deduction [Read Judgment]
In Vijay Kumar v. CIT, a division bench of the Jammu & Kashmir High Court held that the activity of supplying the audio of the back ground sound to the film already shot by the customers, would...
![Supplying Audio of the Back Ground Sound to a Film already shot amounts to “Manufacture”: J&K HC allows IT Deduction [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Supplying Audio of the Back Ground Sound to a Film already shot amounts to “Manufacture”: J&K HC allows IT Deduction [Read Judgment]")