Page 4 - DCOM308_DCOM502_INDIRECT_TAX_LAWS

SYLLABUS
Indirect Tax Laws

Objectives: To develop an understanding among the students about the various provisions prevailing in India related to sales
tax, excise tax, custom laws and other indirect taxes.

DCOM502 Indirect Tax Laws

Sr. No. Description
1. Indirect Taxes: basic features, Difference between Direct and Indirect taxes. Indian Taxation Structure.
2. Central Excise Duty: Meaning, definitions, Kinds of excise duty, excise ability and manufacture, Classification
of excisable goods and Valuation of excisable goods.
3. Assessment Procedure, Various authorities under Excise Law and their powers, Clearances of excisable
goods.
4. Service tax: features, computation, collection and recovery of service tax and assessment procedure.
5. Customs Duty: definitions, types of duties, levy of custom duties, collection and exemption from customs
duties
6. Valuation of custom goods, Clearance procedure of imported and exported goods.
7. Warehousing and Duty Drawback.
8. Central Sales Tax: Features, Definitions and Principles of Central Sales (Relating to inter-state sales, intra-state
sales and sales in the course of import and export including penultimate sales).
9. Registration of dealers and Procedure of assessment.
10. Value Added Tax: features, computation and benefits of VAT.

DCOM308 Indirect Tax Laws

Sr. No. Description
1 Taxation: Significance, Basic Principles, Direct and Indirect taxes, Nature of Indirect taxes, advantages and
limitations.
2 Central excise duty: Meaning, definitions, Kinds of excise duty, excise ability and manufacture, Classification
of excisable goods, Valuation of excisable goods
3 Assessment Procedure, Various authorities under Excise Law and their powers, Clearances of excisable goods
4 Introduction to Service tax and procedure of assessment, filing of return.
5 Customs duty: Basic concepts of custom law, definitions, types of duties, Details of procedure in relation to
levy, collection and exemption from customs duties
6 Valuation of goods, Clearance of imported and exported goods,
7 Provisions relating to warehousing, Duty Drawback
8. Central Sales Tax- Features, Definitions, Principles of Central Sales (Relating to inter-state sales, intrastate sales
and sales in the course of import and export including penultimate sales), Various form to be used, filing of
return..
9. Registration of dealers, Procedure of assessment
10. Introduction to value added tax