Excise Duty Services Starting at Just Rs.12,499/- (Inclusive of all Govt. Fees).
In common terminology (but not necessarily in law), an excise is distinguished from a sales tax or VAT in three ways:
Success is focusing the full power of all you are on what you have a burning desire to achieve.
Administration of Central Excise | Administration of Central Excise is under CBE&C (Central Board of Excise and Customs). The hierarchy is – Principal Chief/Chief Commissioner, Principal Commissioner/Commissioner, Additional Commissioner, Joint Commissioner, Deputy Commissioner, Assistant Commissioner, Superintendent and Inspector. |
Registration | Every person who produces or manufactures excisable goods, is required to get registered, unless exempted. [Rule 9 of Central Excise Rules]. If there is any change in information supplied in Form A-1, the same should be supplied in Form A-1. |
Daily Stock Account | Manufacturer is required to maintain Daily Stock Account (DSA) of goods manufactured, cleared and in stock. [Rule 10 of Central Excise Rules] |
Clearance of goods under Invoice | Goods must be cleared under Invoice of assesse. In case of cigarettes, invoice should be countersigned by Excise officer. [Rule 11 of Central Excise Rules] |
Payment of excise duty | Duty is payable on monthly basis through GAR-7 challan / Cenvat credit by 5th/6th of following month, except in March. SSI units have to pay duty on quarterly basis by 5th/6th of month following the quarter. Assesse paying duty through PLA more than Rs 10 lakhs per annum is required to make e-payment only [Rule 8]. |
Returns of production, clearances and payment of excise duty | Monthly return in form ER-1 should be filed by 10th of following month. SSI units have to file quarterly return in form ER-3. [Rule 12 of Central Excise Rules] – – EOU/STP units to file monthly return in form ER-2 – see rule 17(3) of CE Rules. Assesses paying 1%/2% excise duty are required to file ER-8 quarterly return. E-return is mandatory to all assesses. |
Annual Financial Information | Assesses paying duty of Rs one crore or more per annum through PLA are required to submit Annual Financial Information Statement for each financial year by 30th November of succeeding year in prescribed form ER-4 [rule 12(2) of Central Excise Rules]. |
Information about Principal Inputs | Specified assesses are required to submit Information relating to Principal Inputs every year before 30th April in form ER-5, to Superintendent of Central Excise. [Rule 9A (1) to Cenvat Credit Rules]. Any alteration in principal inputs is also required to be submitted to Superintendent of Central Excise in form ER-5 within 15 days [rule 9A (2) to Cenvat Credit Rules]. Only assesses manufacturing goods under specified tariff heading are required to submit the return. The specified tariff headings are – 22, 28 to 30, 32, 34, 38 to 40, 48, 72 to 74, 76, 84, 85, 87, 90 and 94; 54.02, 54.03, 55.01, 55.02, 55.03, 55.04. Even in case of assesses manufacturing those products, only assesses paying duty of Rs one crore or more (either through current account or Cenvat credit) are required to submit the return. |
Monthly return of receipt and consumption of each of Principal Inputs | Assesse who is required to submit ER-5 is also required to submit monthly return of receipt and consumption of each of Principal Inputs in form ER-6 to Superintendent of Central Excise by tenth of following month [rule 9A(3) to Cenvat Credit Rules]. Only those assesses who are required to submit ER-5 return are required to submit ER-6 return. |
Annual Installed Capacity statement | Submit Annual Installed Capacity Statement in form ER-7 every year before 30th April. |
Submission of List of records | Every assesse is required to submit a list in duplicate of records maintained in respect of transactions of receipt, purchase, sales or delivery of goods including inputs and capital goods, input services and financial records and statements including trial balance [Rule 22(2)]. |
Changes in details of assesse | Inform change in boundary of premises, address, name of authorised person, change in name of partners, directors or Managing Director in form A-1. [Refer Instructions given below form A-1] |
Non-core procedures (to be followed when required) |
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Form of Return | Description | Who is required to file | Time limit for filing return |
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ER-1[Rule 12(1) of Central Excise Rules] | Monthly Return by large units | Manufacturers not eligible for SSI concession | 10th of following month |
ER-2[Rule 12(1) of Central Excise Rules] | Return by EOU | EOU units | 10th of following month |
ER-3[Proviso to Rule 12(1) of Central Excise Rules] | Quarterly Return by SSI | Assesses eligible for SSI concession (even if he does not avail the concession) | 10th of next month of the quarter |
ER-4[rule 12(2) of Central Excise Rules] | Annual Financial Information Statement | Assesses paying duty of Rs one crore or more per annum either through PLA or Cenvat or both together (Till29-9-2008, the provision was applicable only when payment through PLA alone was more than Rs one crore). | Annually by 30th November of succeeding year |
ER-5[Rules 9A(1) and 9A(2) of Cenvat Credit Rules] | Information relating to Principal Inputs | Assessees paying duty of Rs one crore or more per annum either through PLA or Cenvat or both together (Till29-9-2008, the provision was applicable only when payment through PLA alone was more than Rs one crore). | Annually by 30th November of succeeding year |
ER-5[Rules 9A(1) and 9A(2) of Cenvat Credit Rules] | Information relating to Principal Inputs | Assesses paying duty of Rs one crore or more per annum (either through PLA or Cenvat or both together) and manufacturing goods under specified tariff headings (Till29-9-2008, the provision was applicable only when payment through PLA alone was more than Rs one crore). | Annually, by 30th April for the current year (e.g. return for 2005-06 is to be filed by30-4-2005]. |
ER-6 [Rule 9A(3) of Cenvat Credit Rules] | Monthly return of receipt and consumption of each of Principal Inputs | Assesses required to submit ER-5 return | 10th of following month |
ER-7 [Rule 12(2A) of Central Excise Rules] | Annual Installed Capacity Statement | All assesses, except manufacturers of biris and matches without aid of power and , reinforced cement concrete pipes | Annually, by 30th April for the previous year (e.g. return for 2010-11 should be submitted by30-4-2011 |
ER-8 [Sixth proviso to Rule 12(1) of CE Rules] | Quarterly return | Assesses paying 1%/2% excise duty and not manufacturing any other goods | Quarterly within 10 days after close of quarter |
Form as per Notification No. 73/2003-CE(NT) [Rule 9(8) of Cenvat Credit Rules] | Quarterly return of Cenvatable Invoices issued | Registered dealers | By 15th of following month |
ST-3 [Rule 9(9) of Cenvat Credit Rules and rule 7(2) of Service Tax Rules] | Half yearly return of taxable services provided | Person liable to pay service tax | Within 25 days from close of half year |
ST-3 [Rule 9(10) of Cenvat Credit Rules] | Half yearly return of Cenvat credit distributed | Input Service Distributor | Within one month from close of half year |
Export Procedures |
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Bringing good for repairs |
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Bonds | Assesse is required to execute bond for various purposes like obtaining goods without payment of duty, clearance of seized goods etc. B-1 bond is for exporting without payment of duty, B-17 bond is for EOU. |
Bringing goods are concessional rate of duty | Goods can be obtained at concessional rate of duty concessional rate of duty under Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, if prescribed conditions are satisfied and procedure is followed. |
Sole Proprietorship | Partnership Firm | Limited Liability Partnership | One Person Company | Private Limited Company | |
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Recommended For | Small manufacturers & traders | Home businesses | Professional services firms | Solo promoters | Start-ups and growing companies |
Limited Liability Protection | No | No | Yes | Yes | Yes |
Tax Benefits | High | High | Moderate | Moderate | Moderate |
Perpetual Existence | No | No | Yes | Yes | Yes |
Statutory Compliances | Minimal | Minimal | Low | High | High |
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