ITL (BCOM 4th)

UNIT-I

Features of Indirect Tax. Constitutional Validity. Indirect Tax Laws, administration and

relevant procedures. The Central Excise Law, Goods, Excisable goods, Manufacture and

manufacturer, Classification, Valuation, Related Person, Captive Consumption, CENVAT

Basic procedures, Export, SSI, Job Work, Assessment, Demands, Refund, Exemption,

Powers of Officers. Adjudication, Appeals & Settlement Commission.

UNIT-II

Basic concepts of customs law ,Territorial waters, high seas ,Types of custom duties., AntiDumping

Duty, Safeguard Duty ,Valuation , Customs Procedures, Import and Export

Procedures, Baggage, Exemptions ,Warehousing, Demurrage ,Project Imports and ReImports,

Export Promotion Schemes. EOU, Duty Drawback., Special Economic Zones.

UNIT-III

Introduction, Nature of Service Tax. Service Provider and Service Receiver. Registration

procedure, Records to be maintained, Classification of taxable services ,Valuation of taxable

services. , Exemptions and Abatements Payment of service tax, Return Cenvat Credit Rules

Export and import of services. Taxable Services.

UNIT-IV

Introduction, definition of sale under CST ,Stock transfer, branch transfer under CST -

Interstate sale, Various forms for filing of sales tax returns under CST .Sales outside

territorial waters under CST , Procedures, VAT, Salient features of VAT.