Accounting and Taxation
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Home > Indirect Tax Laws

Indirect Tax Laws [1]

Paper Code: 
BCS-612
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquire expert knowledge of the practical and procedural aspects of Indirect Tax Laws.

9.00
Unit I: 
Introduction

• Special Features of Indirect Tax Levies - All Pervasive Nature, Contribution to Government Revenues; Constitutional Provisions Authorizing the Levy and Collection of Duties of Central Excise and Customs

9.00
Unit II: 
Central Excise Laws

• Basis of Chargeability of Duties of Central Excise - Goods, Manufacture, Classification and Valuation of Excisable Goods
• CENVAT Credit Mechanism
• Registration, Assessment, Provisional Assessment, Manner of Payment of Duty, Exemption, Recovery and Refunds of Duties
• Clearance of Excisable Goods; Invoice System, Central Excise Bonds; Maintenance of Accounts and Records and Filing of Returns, Large Tax Payer Units, Excise Audit 2000, Audit u/s 14 and 14AA of Central Excise Act 1944

9.00
Unit III: 
Central Excise Laws

• Exemption to First Clearance of Specified Goods
• Export Incentives under Central Excise such as SEZs, STPI,
EHTP, EPZ
• Investigation, Adjudication, Appeal and Revision, including Appearance before CESTAT by Company Secretary as Authorized Representative; Settlement of Cases, Advance Ruling
• Search, Seizure, Arrest, Prosecution and Compounding; Offences and Penalty
• Miscellaneous Provisions under Central Excise

9.00
Unit IV: 
Customs Laws

• Levy of Customs Duties, Types of Customs Duty Leviable, Tariff Classification & Exemptions, Valuation of Imported and Exported goods
• Provision of Assessment, Payment of Duties, Recovery and Refund of Customs Duties
• Duty Drawback
• Procedure for Clearance of Imported and Exported Goods
• Transportation and Warehousing

9.00
Unit V: 
Customs Laws

• Confiscation of Goods and Conveyances and Imposition of Penalties; Search, Seizure and Arrest, Offences and Prosecution Provisions
• Adjudication, Appeal and Revision; Settlement of Cases, Advance Ruling
• Other Relevant Areas and Case Studies under Custom Laws and Rules
Promissory Estoppel in Fiscal Laws - Principles and Applicability with reference to Indirect Taxes
Tax Planning and Management - Scope and Management in Customs, with Specific Reference to important Issues in the respective Areas

Essential Readings: 

1. Indirect Taxes Law & Practices-V.S Datey(Taxmann Publications New Delhi)
2. Indirect Taxation- V Balachandran ( Sultan Chand & Sons New Delhi)
3. Systematic Approach to Indirect Taxes-Dr Sanjeev Kumar (Bharat Law House New Delhi)
4. Customs Law & Procedure- SP Bhatnagar (Centex Publications New Delhi)
5. Central Excise-Law, Practice & Procedure-Acharya Shuklendra(Modern Law House Allahbad)
6. Study Material Published by ICSI
7. Scanner: Arun Kumar (Suchita Prakashan)

Academic Year: 
2015-2016 [2]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/indirect-tax-laws

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/indirect-tax-laws
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2015-2016