https://www.taxtmi.com/circulars?id=60665 Clarifications address valuation, classification, exemptions and CENVAT credit application: depot clearances to industrial/institutional buyers are removals under Section 4 not Section 4A; retained sales tax under state subsidy schemes is includable in transaction value unless paid to the exchequer; Section 4A applies only to goods specifically notified; classification must follow tariff notes, HSN explanatory notes and precedent; SEZ supplies attract intermediate input exemption; Rule based CENVAT provisions (including Rule 5 refunds, Rule 6 reversals and Rule 3/4 time limits) are to be applied as written; and procedural simplifications and a new audit manual were endorsed. en-us Mon, 11 Jan 2016 00:00:00 +0530 Wed, 01 May 2019 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60665 Clarifications address valuation, classification, exemptions and CENVAT credit application: depot clearances to industrial/institutional buyers are removals under Section 4 not Section 4A; retained sales tax under state subsidy schemes is includable in transaction value unless paid to the exchequer; Section 4A applies only to goods specifically notified; classification must follow tariff notes, HSN explanatory notes and precedent; SEZ supplies attract intermediate input exemption; Rule based CENVAT provisions (including Rule 5 refunds, Rule 6 reversals and Rule 3/4 time limits) are to be applied as written; and procedural simplifications and a new audit manual were endorsed. Circulars Central Excise Mon, 11 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60665