kota fibres case study analysis No Further a Mystery

eight. It's been pointed out that, Container Freight Stations (CFS) do not need any direct connection with the importer they usually only deliver facility to the Customs Property Brokers (CHA) to deal with the container and import cargo for which they've a contract with a mutually agreed price. It's the CHA who promises all the fees in the importer such as the prices made by the CFS on CHA and remit towards the CFS. Given that expert services of a CHA is now protected beneath the tax net, the CFS support providers must be exempt from tax if the billing is finished on CHAs; usually there'll be double taxation.

Cenvat credit: Once the credit is admissible and taken it forms Component of a standard pool and company who is paying out excise duty on the goods made and likewise is actually a assistance tax assessee liable to pay provider tax, can utilise the credit history obtainable for payment of company tax or excise obligation In keeping with his benefit.

Legal responsibility: Sub-contractor: Previous to Cenvat Credit rating Policies, 2004, if the primary person has paid support tax, sub-contractor need not fork out provider tax yet again: Demand for the prior time period not sustainable, no question of imposing penalty.

Cargo Handling Provider: Demand: Stay: It is undisputed the said assistance are rendered inside the manufacturing facility premises and there are numerous case legal guidelines that have settled the regulation that any motion of products in the factory premises may not fall beneath Cargo Dealing with Solutions: Appellants have currently paid 40 to forty five% of service tax confirmed: Pre deposit for balance amounts waived.

Cenvat Credit history: Input Services: inputs like cement, iron and steel, tiles, marbles, granite, and so forth. which had been Utilized in the development from the buildings cannot be handled as inputs in relation towards the 'Leasing of Immovable Home Companies': Instructions to create pre deposit issued.

Need: Conversion of black bars into white bars: Appellants removing merchandise underneath Rule 4(v)(a) of Cenvat Credit Principles, 2004 and principal maker having to pay duty on finished goods, built appellants think that they weren't necessary to spend assistance tax: Greater time period cannot be invoked: Penalty cannot be imposed: Stay granted.

The failure to repay the debt to the All India Lender had developed a stir among the lender officers and it absolutely was ordered that Not one of the seasonal credit history shall be supplied to the corporate. This news experienced considerably affected the company’s stance by their entrepreneurs, and labored to handle their economical circumstances by way of preparing a economical forecast for that yr 2001 but considering other set of assumptions. This had been a really important predicament for the business for the reason that simultaneously that they had to satisfy temporary obligations and in addition extending their credit history line.

Assistance Tax: Cargo dealing with service: Exercise of dealing with many forms of cargo through their aircrafts at several airports: Scope and liability: Board circular File. No. B-11/one/2002, dated 1-8-2002 even though detailing cargo managing agent's case by way of example, provider company as Container Company of India, Airport Authority of India, Inland Container Depot, Container Freight Stations; and that is though illustrative instead of exhaustive refers to service company but basically accomplish these kinds of services and there's no reference to any of the Airways who undertake transportation of the goods.

Utilizing the month-to-month forecast monetary assertion provided by Guna Fibres, Show 1, it is necessary to generate an announcement of money flows to begin to evaluate how the corporation’s funds is staying managed with the Doing work money accounts of your organization. Show 2 demonstrates the breakdown of cash flows over a regular basis based on the forecasted data furnished by Guna Fibres. There are numerous important insights to level to instability within just Guna Fibres.

The fiberindustry is seasonal in mother nature as well as the need exceeds in Pageant period including all through Diwali period.

genetic analysis of smaller families with IBM or very very here similar medical and pathological phenotypes; and

Cenvat Credit score: Rule 3(5) gives that if any inputs or money goods are removed outdoors the premises of your company of output provider for providing this sort of provider, there is absolutely no need for virtually any need of obligation or reversal of credit history.

In Each individual on the aforementioned areas There may be home for advancement by shifting a number of the corporation’s guidelines and processes.

That is an example of how the corporation is rising its operating fees which has contributed to its existing liquidity difficulties. Ms. Pundir is biased towards addressing shareholders’ wants as opposed to go after what is good for organization survival.

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