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WHAT ARE THE GUIDELINES TO BE FOLLOWED FOR STUFFING OF EXPORT CONTAINERS UNDER SUPERVISION OF CENTRAL EXCISE OFFICERS ?

Guidelines have been issued by Central Board of Excise and Customs from time to time through different Circulars, Notifications etc. for stuffing of export containers under supervision of Central Excise Officers. The same are compiled below and must be followed.

WHAT IS THE LIABILITY OF SERVICE TAX ON RECEIPT OF SERVICE FROM OVERSEAS ?

There are certain exporters who take services of Overseas Agents and in turn pay commission to them. Such exporters become liable to pay Service Tax on reverse charge method on import of service. Various Commissionerates of the Service Tax department have raised such demands for the period from 1.01.2005 or even earlier. Now the CBEC has decided to levy service tax only with effect from 18.04.2006 (i.e.) from the date of enactment of section 66-A of the Finance Act, 1994.

WHAT ARE THE FREQUENCY NORMS OF AUDIT FOR SERVICE TAX ASSESSES ?

Director General of Audit, New Delhi has prepared Service Tax Audit Manual, 2010. As per the guidelines, tax payers whose annual service tax payment (including cash and CENVAT) was Rs.3 crore or more in the preceding financial year may be subjected to mandatory audit each year. It is preferable that Audit of all such Units is done by using Computer Assisted Audit Program (CAAP) techniques. The frequency of audit for other taxpayers would be as per following norms:-

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