Excise Duty
Log in to FollowExcise Duty Act, Rules Articles News Notification Circulars Instructions. Input Credit, Cenvat, Duty Rate, SSI Exemption, Excise on Jewellery,Excise on Garment
Revised Monetary Limits for Adjudication in Central Excise for commodities
Mechanism for implementation of additional basic excise duty on sale of unblended petrol
Excisability of waste/residue – CBIC withdrawn Circular No. 1027/15/2016-CX
Valuation of tobacco & tobacco products for payment of BED & NCCD
Constitution of Committees to advise the authority for writing off of arrears of Excise Duty, Service Tax and Customs Duty
CBIC Master Circular on Recovery and Write-off of Arrears of Revenue
CBIC clarifies on pre-show cause notice consultation
Reg. Excise exemption on Ethanol/Methanol blended Petrol, & High-speed diesel
Strict compliance to Limitation while filing Appeals/Petitions before Courts/ Tribunal -reg
SVLDRS Filing Date for Taxpayers In UT of J&K & UT of Ladakh extended till 31.12.2020
CBIC amends time lines under Sabka Vishwas Scheme (SVLDRS)
Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019- CBIC clarifies 9 Issues
Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019-5 Major Clarifications
Clarifications on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
Latest Excise Duty News
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In today’s economic scenario the significance of taxes has increased and it now not limited to being a financial aid for the Governments. The Union or the Central Government imposes several taxes together with their state governments. Some of the taxes are also levied by local Municipalities as well. Excise Duty comes under the taxes which are levied by the Central Government as per the provisions laid out in the Excise Duty Act, Excise Duty Rules and Excise Duty notifications formulated by the Government.
Excise duty is an indirect tax which is levied on goods manufactured in India and are intended for home consumption. Manufacturing of the goods is the taxable event and the excise duty liability arises as and when the goods are produced. Excise duty is a tax on manufacturing that is payable by a manufacturer of goods, who passes the incidence on to their customers. The CBEC (Central Board of Excise and Customs) is the governing authority and it functions under Union Ministry of Finance’s Department of Revenue. Under the power conferred by the Central Excise Act, 1944, the Central Government levies taxes on production or manufacturing of goods. The excise tax rates are stated under the Central Excise Tariff Act, 1985.
At Taxguru, we provide you all the latest news on excise duty together with all the updates and excise duty notifications. We at regular intervals publish excise duty articles and blogs for the benefit of our readers. Get to know all the latest developments in the Excise Tax Act and all the latest amendments at Taxguru. Find out all the excise duty news and updates with respect to excise duty here at Taxguru. We ensure that we bring you all the accurate and comprehensive coverage relating to excise duty in India
