TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Excise Duty on Ceramic Tiles Clarified: Input Services Credit Allowed, Abrasive Stones Classified as Capital Goods.</h1> The circular addresses issues in the ceramic tile industry regarding Central Excise duty and Cenvat credit. It clarifies that the 8% excise duty on ceramic tiles, as per Notification No. 05/2006-CE, does not prohibit taking credit on input services, only on inputs. Additionally, it addresses the classification of abrasive stones, which were initially considered capital goods under a 6-digit CET but were reclassified under an 8-digit CET. Despite this reclassification, abrasive stones remain capital goods for the period from February 28, 2005, to February 21, 2007, allowing continued benefit from the notification. The circular instructs that these clarifications be communicated to relevant parties.
TaxTMI 
TaxTMI 
