INDIRECT TAX LAWS MODULE 1

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INDIRECT TAX LAWS MODULE 1 Preface to Sixth Edition I-5 How to study and present answers See Module 4 Coverage of select cases of ICAI in this book See Module 4 Section-wise, Rule-wise, Notification-wise referencer See Module 4 Solved paper : CA Final November 2014 See Module 4 DIVISION ONE CHARGE, CLASSIFICATION AND VALUATION 1 BASIC CONCEPTS UNDER CENTRAL EXCISE 3 2 TARIFF AND CLASSIFICATION 49 3 DUTY BASED ON ANNUAL CAPACITY, COMPOUNDED LEVY SCHEME, TARIFF VALUE & MRP-BASED EXCISE DUTY 75 4 TRANSACTION VALUE BASED DUTY & VALUATION AUDIT 93 I-7 I-7

INDIRECT TAX LAWS MODULE 2 Preface to Sixth Edition See Module 1 How to study and present answers See Module 4 Coverage of select cases of ICAI in this book See Module 4 Section-wise, Rule-wise, Notification-wise referencer See Module 4 Solved paper : CA Final November 2014 See Module 4 DIVISION ONE BASIC CONCEPTS UNDER SERVICE TAX 1 CHARGE OF SERVICE TAX & PERSON 3 2 SERVICE, DECLARED SERVICES AND NEGATIVE LIST 13 3 RELEVANT DATE FOR TAXATION [POINT OF TAXATION] 33 4 VALUATION OF SERVICES 47 5 INTERPRETATION AND CLASSIFICATION OF SERVICES AND BUNDLED SERVICES 62 I-5

6 PLACE OF PROVISION OF SERVICES 66 7 EXPORT OF SERVICES, SEZS AND EXPORT INCENTIVES 91 8 EXEMPTION TO SMALL SERVICE PROVIDERS, CHARITIES AND UN 103 DIVISION 2 TAXABILITY OF SERVICES 9 NEGATIVE LIST OF SERVICES AND RELATED PROVISIONS 115 10 DECLARED SERVICES & RELATED PROVISIONS 173 11 OTHER SERVICES EXEMPTION, ABATEMENT, COMPOSITION RATES 227 DIVISION 3 PROCEDURES UNDER SERVICE TAX 12 PAYMENT OF SERVICE TAX (INCLUDING REVERSE CHARGE) & ACCOUNTING 253 13 REGISTRATION UNDER SERVICE TAX 278 14 ASSESSMENT, SELF-ASSESSMENT AND RETURNS UNDER SERVICE TAX 283 15 INVOICE, RECORDS, AUDIT, POWERS AND OTHER PROVISIONS 292 I-6

DIVISION TWO CENVAT CREDIT 5 CENVAT CREDIT - BASICS AND DEFINITIONS 155 6 CENVAT CREDIT - AVAILMENT AND UTILIZATION 184 7 CENVAT CREDIT - EXEMPTED GOODS & SERVICES 227 8 CENVAT CREDIT - PROCEDURES 250 DIVISION THREE SSI, PROCEDURES AND EXPORTS 9 SSI EXEMPTION 283 10 GENERAL PROCEDURES UNDER CENTRAL EXCISE 316 11 EXPORT INCENTIVES AND PROCEDURES 371 I-8

INDIRECT TAX LAWS MODULE 3 Preface to Sixth Edition See Module 1 How to study and present answers See Module 4 Coverage of select cases of ICAI in this book See Module 4 Section-wise, Rule-wise, Notification-wise referencer See Module 4 Solved paper : CA Final November 2014 See Module 4 DIVISION ONE CHARGE, VALUATION AND CLASSIFICATION 1 CUSTOMS : BASICS AND CHARGE OF DUTY 3 2 CUSTOMS : VALUATION OF GOODS 32 3 CUSTOMS : CLASSIFICATION, TARIFF & VARIOUS DUTIES 69 DIVISION TWO IMPORT AND EXPORT PROCEDURES AND POWERS 4 IMPORT, EXPORT & WAREHOUSING PROCEDURES 105 I-5

5 CUSTOMS : DRAWBACK, BAGGAGE, IMPORT/EXPORT BY POST, STORES & COASTAL GOODS 136 6 CUSTOMS : POWERS, CONTROL & PROCEDURES 180 7 CUSTOMS : CONFISCATION AND PENALTIES 200 DIVISION THREE FOREIGN TRADE POLICY 8 FOREIGN TRADE POLICY (FTP) BASIC CONCEPTS 221 9 FTP - EXEMPTION/REMISSION SCHEMES, REWARD SCHEMES, EPCG AND DEEMED EXPORTS 239 10 FTP - EOUS, EHTPS, STPS, BTPS, SEZS AND FTWZS 260 DIVISION 4 COMMON PROVISIONS UNDER INDIRECT TAXES 11 INDIRECT TAX LAWS (IDTL) : RECOVERY & INTEREST 279 12 INDIRECT TAX LAWS (IDTL) : EVASION PENALTY AND PUNISH- MENT 310 13 INDIRECT TAX LAWS (IDTL) : CIRCULAR, EXEMPTION & REFUND 337 14 INDIRECT TAX LAWS (IDTL) : ADVANCE RULINGS 363 I-6

15 INDIRECT TAX LAWS (IDTL) : SETTLEMENT OF CASES 374 16 INDIRECT TAX LAWS (IDTL) : APPEALS, REVIEW & REVISION 393 I-7

INDIRECT TAX LAWS MODULE 4 Preface to Sixth Edition See Module 1 How to study and present answers I-5 Section-wise, Rule-wise, Notification-wise Referencer I-9 Select Cases of ICAI : May & Nov. 2015 (Summary) 63-70 Solved Paper : CA Final November 2014 71-79 1 CENTRAL EXCISE AND CENVAT CREDIT 1. Basic Concepts under Central Excise 1 2. Tariff and Classification 2 3. Duty based on Annual Capacity, Compounded levy scheme, Tariff value & MRP-based excise duty 3 4. Transaction value based duty & Valuation audit 4 5. Cenvat credit - Basics and definitions 6 6. Cenvat credit - Availment and utilization 7 7. Cenvat credit - Exempted goods & services 9 8. Cenvat credit - Procedures 10 9. SSI-exemption 12 10. General Procedures under Central Excise 13 11. Export Incentives and Procedures 16 2 SERVICE TAX BASICS, TAXABILITY AND PROCEDURES 1. Charge of service tax and Person 18 2. Service, Declared services and Negative list 19 I-7

3. Relevant date for taxation [Point of taxation] 19 4. Valuation of services 21 5. Interpretation and classification of services and bundled services 21 6. Place of Provision of Services 22 7. Export of Services, SEZs and Export incentives 23 8. Exemption to small service providers, charities and UN 24 9. Negative list of services and related provisions 25 10. Declared services & related provisions 28 11. Other services Exemption, Abatement, Composition rates 31 12. Payment of Service Tax (including Reverse Charge) & Accounting 33 13. Registration under service tax 35 14. Assessment, self-assessment and returns under service tax 36 15. Invoice, records, audit, powers and other provisions 36 3A CUSTOMS AND FOREIGN TRADE POLICY 1. Customs : Basics and charge of duty 39 2. Customs : Valuation of goods 41 3. Customs : Classification, tariff & various duties 42 4. Customs : Import, export & warehousing procedures 43 5. Customs : Drawback, baggage, import/export by post, stores & coastal goods 45 6. Customs : Powers, control & procedures 46 7. Customs : Confiscation and penalties 47 8. Foreign Trade Policy (FTP) Basic concepts 48 9. FTP - Exemption/remission schemes, reward schemes, EPCG & Deemed exports 49 10. FTP - EOUs, EHTPs, STPs, BTPs, SEZs and FTWZs 51 3B COMMON PROVISIONS 11. Indirect Tax Laws (IDTL) : Recovery & interest 53 12. Indirect Tax Laws (IDTL) : Evasion penalty and punishment 55 13. Indirect Tax Laws (IDTL) : Circular, exemption & refund 56 14. Indirect Tax Laws (IDTL) : Advance rulings 57 15. Indirect Tax Laws (IDTL) : Settlement of cases 59 16. Indirect Tax Laws (IDTL) : Appeals, review & revision 60 I-8