B Com Exam > B Com Videos > Indirect Tax Laws > Job Work - Central Excise Act,1944, Indirect Tax Laws
Job Work - Central Excise Act,1944, Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
|
50 videos|54 docs
|
FAQs on Job Work - Central Excise Act,1944, Indirect Tax Laws Video Lecture - Indirect Tax Laws - B Com
| 1. What is the Central Excise Act, 1944? |  |
Ans. The Central Excise Act, 1944 is a statute enacted by the Government of India to levy and collect excise duty on goods manufactured or produced in the country. It provides the legal framework for the administration and regulation of excise duties, which are indirect taxes levied on the manufacturing or production of goods.
| 2. What are the key provisions of the Central Excise Act, 1944? | |
Ans. The key provisions of the Central Excise Act, 1944 include the classification and valuation of goods for the purpose of levying excise duty, registration and licensing of manufacturers, provisions for payment and collection of excise duty, rules for the maintenance of records and submission of returns, provisions for inspection, search, and seizure, and provisions for adjudication and appeal.
| 3. What is the objective of the Central Excise Act, 1944? | |
Ans. The objective of the Central Excise Act, 1944 is to regulate the levy and collection of excise duty on goods manufactured or produced in India. It aims to ensure the equitable and efficient imposition of indirect taxes, prevent tax evasion, and provide a legal framework for the administration and enforcement of excise laws.
| 4. What is the role of the Central Board of Indirect Taxes and Customs (CBIC) in the Central Excise Act, 1944? | |
Ans. The Central Board of Indirect Taxes and Customs (CBIC) is the apex body responsible for the administration of indirect taxes in India. Under the Central Excise Act, 1944, CBIC plays a crucial role in formulating policies and procedures related to excise duty, issuing notifications and circulars for its implementation, and providing guidance and support to excise officers for effective enforcement of the law.
| 5. What are the penalties and consequences for non-compliance with the Central Excise Act, 1944? | |
Ans. Non-compliance with the provisions of the Central Excise Act, 1944 can lead to various penalties and consequences. These may include the imposition of additional excise duty, interest on delayed payments, fines, confiscation of goods, cancellation of registration or license, prosecution, and imprisonment. It is essential for manufacturers and producers to comply with the act's requirements to avoid legal implications and financial liabilities.
Related Exams
About this Video
|
4.84/5 Rating |
|
Nov 22, 2024 Last updated |
Video Description: Job Work - Central Excise Act,1944, Indirect Tax Laws for B Com 2024 is part of Indirect Tax Laws preparation.
The notes and questions for Job Work - Central Excise Act,1944, Indirect Tax Laws have been prepared according to the B Com exam syllabus.
Information about Job Work - Central Excise Act,1944, Indirect Tax Laws covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Job Work - Central Excise Act,1944, Indirect Tax Laws.
Introduction of Job Work - Central Excise Act,1944, Indirect Tax Laws in English is available as part of our Indirect Tax Laws for B Com & Job Work - Central Excise Act,1944, Indirect Tax Laws in
Hindi for Indirect Tax Laws course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Job Work - Central Excise Act,1944, Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Indirect Tax Laws.
Information about Job Work - Central Excise Act,1944, Indirect Tax Laws
Here you can find the meaning of Job Work - Central Excise Act,1944, Indirect Tax Laws defined & explained in the simplest way possible.
Besides explaining types of Job Work - Central Excise Act,1944, Indirect Tax Laws theory, EduRev gives you an ample number of questions to practice Job Work - Central Excise Act,1944, Indirect Tax Laws tests,
examples and also practice B Com tests.
|
50 videos|54 docs
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Job Work - Central Excise Act
,shortcuts and tricks
,Exam
,Summary
,practice quizzes
,Extra Questions
,Viva Questions
,MCQs
,1944
,Free
,past year papers
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,video lectures
,mock tests for examination
,Previous Year Questions with Solutions
,Job Work - Central Excise Act
,study material
,Sample Paper
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,Semester Notes
,Objective type Questions
,Job Work - Central Excise Act
,1944
,1944
,ppt
,Important questions
;
Study Job Work - Central Excise Act,1944, Indirect Tax Laws on the App
Students of B Com can study Job Work - Central Excise Act,1944, Indirect Tax Laws alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Job Work - Central Excise Act,1944, Indirect Tax Laws,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Job Work - Central Excise Act,1944, Indirect Tax Laws is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup