What is Central Excise Law?
The Central Excise Law made up of Acts, Rules, Notifications, Circulars and Trade Notices apart from analysis of case laws can be used in determining the excise duty implications on the activity of manufacture. This can help the indirect taxes practitioner to advise the manufacturer/, professional manager on the procedures to be followed and compliances to be ensured where central excise is applicable on the product/ process/ trading.
In advising the manufacturer, several questions would arise, which would require to be answered. The suggested steps have been deliberately kept free of too many sections and case laws to serve the purpose of being reader friendly. The definitions, case laws and explanations are available at the end of this chapter. Further flowcharts wherever possible have been added at the end of chapters for ease of understanding. The detailed list of notifications has been set out in the appendix at the end of the book. The bird’s eye view of processes and procedures under central excise have been provided for ease of understanding as under.