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Excise Duty - Page 10

Budget 2017 proposes Nil Excise Duty on Certain Products

Notification No. 06/2017-Central Excise (02/02/2017)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department o...

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6% concessional excise / CV duty on certain types of machinery

Notification No. 5/2017- Central Excise (02/02/2017)

the manufacturer furnishes an undertaking to the Deputy Commissioner of Central Excise or the Assistant Commissioner of Central Excise, as the case may be, having jurisdiction to the effect that the said items shall be used for the purposes as specified above and, if the manufacturer fails to fulfil this condition, he shall pay the duty w...

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Revised Excise Duty Rate on Pan Masala and packing machine

Notification No. 4/2017-Central Excise (02/02/2017)

The rate of duty per packing machine per month for a pan masala pouch having retail sale price of ₹ 8.00 (i.e. ‘P’) packed with the aid of a machine having maximum packing speed, at which it can be operated for packing of pan masala pouch of the said retail sale price, of 600 pouches per minute shall be = ₹ 177.07+28.87 x (8-6) =...

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Increase in excise duty on pan masala & unmanufactured tobacco

Notification No. 3/2017-Central Excise (02/02/2017)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with sub-section (3) of section 85 of Finance Act, 2005 (18 of 2005), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notif...

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Central Excise (Amendment) Rules, 2017

Notification No. 5/2017 - Central Excise (N.T.) (02/02/2017)

Provided that the period specified in this sub-rule may, on sufficient cause being shown and reasons to be recorded in writing, be extended by an authority next higher than the authority before whom the application for remission of duty is pending, for a further period not exceeding six months....

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CENVAT Credit (Amendment) Rules, 2017

Notification No. 4/2017- Central Excise (N.T.) (02/02/2017)

In exercise of the powers conferred by section 37 of the Central Excise Act,1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely...

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Changes in duty on Chewing Tobacco & Unmanufactured Tobacco Packing Machines

Notification No. 03/2017- Central Excise (N.T.) (02/02/2017)

Union budget 2017 announced Chewing Tobacco and Unmanufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Amendment Rules, 2017....

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Revised Excise Duty ratio for pan masala & pan masala containing tobacco

Notification No. 2/2017-Central Excise (N.T.) (02/02/2017)

These rules may be called the Pan Masala Packing Machines (Capacity Determination And Collection of Duty) Amendment Rules, 2017. They shall come into force on the date of their publication in the Official Gazette....

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Budget 2017: Legislative changes proposed in Excise & Custom Duty

Article Discusses the following-  Amendments in The Customs Act, 1962: Amendment in The Customs Tariff Act, 1975 Amendment in The First Schedule To Customs Tariff Act, 1975 Amendment in The Second Schedule To The Customs Tariff Act, 1975 [Clause 110 Of The Finance Bill, 2017] Other Proposals Involving Changes In BCD, CVD, SAD And Export ...

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Posted Under: Excise Duty |

Budget 2017 Chapter wise changes relating to Excise Duty

The additional duty of excise levied under the Seventh Schedule to the Finance Act, 2005 [commonly known as health cess] on non-filter and filter cigarettes of sub-heading 2402 20 is being increased. Clause 146 of the Finance Bill, 2017 refers....

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Posted Under: Excise Duty |
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Latest Excise Duty News

Find out all the latest news on Excise Duty here at Read all the relevant excise duty notifications and excise duty articles only with Taxguru.

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