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Author : CA Uttam P Agarwal and CA Mahesh Gour
Publisher : Carvinowledge Press (CNP India)
Edition : for May 2018 Exam

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Book Details

Features :
130+ solved problems and CYP for practice
120 plus solved problems for practice

Amendments up to 31.10.2017

Updated rules, notifications and circulars

Simple and Lucid language of law

User-friendly concepts and their analysis

Authors’ Notes for conceptual clarity

Diagrammatic and tabular presentation of concepts

Memory keys for quick recall


1. Basic Concepts in Central Excise I.1

History of Excise Law I.2

Constitutional Background I.2

Article 245 of the Constitution I.3

Types of Duties I.11

Definitions of Central Excise Act, 1944 [Section 2] I.12

Manufacturer I.12

Duty on Intermediary Goods (IMG)/Captive Consumption I.15

Exceptions To Levy I.22

2. Classification of Excisable Goods I.24

Central Excise Tariff Act, 1985 I.25

General Interpretation Rules (Rules of Classification) I.26

Classification of Parts and Accessories I.30

Market Parlance Theory I.30

Principles of Classification I.31

3. Valuation Under Central Excise I.35

Valuation I.36

Duty on the Basis of Installed Capacity of Production [Section 3A] I.36

Tariff Value [Section 3(2)] I.37

Valuation Based on Retail Sales Price (RSP) [Section 4A] I.38

Non Applicability of Provisions of MRP I.39

Central Excise (Determination of Retail Sale Price of Excisable Goods) Rules, 2008 I.41

Multipack I.44

Assessment Based on Transaction Value (Section 4) I.45

Inclusions in and Exclusions from Transaction Value I.50

Central Excise Valuation (Determination of Price of Excisable goods) Rules, 2000 I.58

Treatment of Advance Payment I.63

Summary of Valuation Rules, 2000 I.74

4. CENVAT Credit Rules, 2004 I.78

Central Value Added Tax (CENVAT): An Origin from the System of Value Added Tax (VAT) I.79

CENVAT Scheme I.79

To whom CENVAT CREDIT is allowed? I.79

Fundamental Features of CENVAT Scheme I.80

A Brief Description of Cenvat Credit Rules, 2004 I.81

Circular of CBEC Regarding Input I.83

Summary Chart of Capital Goods I.85

Cases Eligible for Input Service (Yes /No) I.89

Cases Eligible for CENVAT Credit I.90

Cenvat Credit Rules, 2004 I.91

Summary Chart of Rule 3(1), 3(2), 3(3) and 3(4) I.95

Section 5B of CEA, 1944 I.121

Option 2: I.126

In case of Imported Input/Capital Goods I.140

Records for CENVAT CREDIT {Rule 9 (5 and 6)} I.141

5. General Procedures Under Central Excise I.158

Administrative Set-up under the Central Excise Act, 1944 I.159

Assessment I.159

Rule 15: Compounded Levy Scheme I.162

Rule 21 - Reduction/Remission of Liability I.181

New Central Excise (Removal of Goods at Concessional Rate of Duty for

Manufacture of Excisable and Other Goods) Rules, 2016 notified I.187

Procedure of Excise Audit 2000 I.189

6. Export Incentives Procedures I.193

Kinds of Exporters I.194

Excise Concessions for Exports I.194

Rebate vs Refund I.194

Rebate of Excise Duty Paid on Goods Exported-Conditions I.194

Rebate of Excise Duty Paid on Materials Used in Goods Exported (Bhutan Exluced) I.195

Procurement of Inputs Without Payment of Excise Duty for Use in Manufacture or

Processing of Goods Exported Under Bond I.197

Export Warehousing I.198

Various Bonds Under Central Excise I.201

7. Small Scale Industries I.203

SSI Units – Notification No. 8/2003 I.204

Clubbing Provisions of SSI I.206

About the Authors

CA. Uttam Prakash Agarwal

is the Past President of The Institute of Chartered

Accountants of India (2009-10) and founder of Uttam Prakash Agarwal

Shikhsa Pariwar. Quality professional education of the students has always

been on top of his agenda. He has co-authored many books and articles on

Direct Taxation, Co-operative Societies Law, XBRL and Indirect Taxation.

He has been awarded with ‘Best Chartered Accountants Award, 2013’ at the

News Makers Achiever Awards 2013’. He has always strived to excel and

endeavored to reach the pinnacle of professional growth due to which he

was rewarded by the then President of India, Her Excellency Smt. Pratibha

Devi Singh Patil with “Recognition of Excellence Award”. He has also been

awarded honorary degrees by The Institute of Chartered Accountants

(Australia) and CPA Australia. He holds senior positions on the boards/

committees of many national and international organizations and regulatory


CA Mahesh Gour

is an associate member of the Institute of Chartered

Accountants of India. He has been awarded the degree of PhD for his

research in the area of ‘Management of Taxation”. He is also an LLB and MBA

(Finance). He is an eminent and nation famous faculty of Indirect Taxation

and Auditing. He has been teaching tax laws to the students of various

levels for past Eight years. More than 14,000 students of CA, CMA and CS

Final have benefitted from his extraordinary teaching skills. Students have

always appreciated his insights and teaching methods and have regarded

him as a great motivator. Currently, he is visiting faculty at various Institutes

in Mumbai. He is also a visiting faculty WIRC of the Institute of Chartered

Accountants of India (ICAI). In 2008, Dr. Mahesh Gour was honoured

with title of Master Mind and Memory Guru for his outstanding skills of

memorizing. He is the first and the only Professor in the field who uses

his unique method of Mnemonics and Memory Techniques while teaching.

And this is exemplary, when he made a 10th Standard student memorize CA

final book with page numbers in mere 4 days. He is founder and director of

Aditya Foundation and partner in Mahesh Gour & Co.

You can visit his blog to read more about the subject and latest case stud-ies: www.drmaheshgour.blogspot.com