Excise Duty - Page 3

Classification of articles of paper and printing industry- regarding

Circular No. 1052/01/2017-CX (23/02/2017)

Representations have been received from trade associations that consequent upon insertion of Chapter note 14 (w.e.f 28.05.2012) to the Chapter 48 of Central Excise Tariff Act, 1985 disputes have cropped up in respect of classification of railway/bus/other tickets/passes, railway ticket rolls and bus ticket rolls, mark sheets/certificates,...

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CBI Arrests three Central Excise Officials in a bribery case

The Central Bureau of Investigation has arrested two Superintendents and an Inspector, all of Central Excise, Audit Department(Govt. of India), Murthal, District- Sonepat (Haryana) while demanding & accepting bribe of Rs.Three lakh from the complainant....

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Central excise demands on Industrial Promotion Subsidy received under PSI 2007

Recently, the central excise department has started issuing SCNs for recover of central excise duty on the Industrial Promotion Subsidy received by assessees in Maharshtra state....

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Excise: Periodicity of CAS-4 certificates-reg.

Instruction No. 206/01/2017-CX 6 (16/02/2017)

Assessees should be requested that CAS-4 certificate of the financial year ending on 31stMarch shall be issued by 31st December of the next financial year. ...

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Excise duty on medicines under Ayurvedic, Unani, Siddha, Homeopathic or Biochemic Systems

The provisions of Central Excise Act 1944 with respect to medicines under Ayurvedic, Unani, Siddha, Homeopathic or Biochemic (AYUSH) System has been discussed as under ...

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Indirect tax collections upto January 2017 shows positive growth

During January 2017, the net indirect tax grew at the rate of 9% compared to corresponding month last year. The growth rate in net collection for Customs, Central Excise and Service Tax was 10.1%, 26.3% and 9.4% respectively during the month of January 2017, compared to the corresponding month last year....

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Budget 2017-18 : Economic reforms and indirect taxes

The tax proposals, both direct and indirect, are aimed at the following major reform areas: 1. Measures for Promoting Affordable Housing and Real Estate Sector 2. Measures for Stimulating Growth 3. Promoting Digital Economy 4.Transparency in Electoral Funding 5. Ease of Doing Business...

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Periodical review under FR 56 (j) and Rule 48 of CCS (Pension) Rules, 1972

F. NO.A-60011/38/2015-Ad.IIB (03/02/2017)

Please refer to Board's letter of even number dated 08.03.2016 and subsequent reminders dated 25.04.2016, 23.05.2016, 30.05.2016, 21.06.2016, 25.07.2016, 04.08.2016, 12.08.2016, 23.08.2016, 30.08.2016, 08.09.2016, 23.09.2016, 30.09.2016, 14.10.2016, 21.10.2016, 07.11.2016, 11.11.2016, 28.11.2016, 06.12.2016 and 02.01.2017 (copy enclosed) ...

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Union Budget 2017- Highlights of Excise Duty Proposals

Amendment in Central Excise Rules, 2002- Rule 21 provides for the remission of duty in case the goods have been lost or destroyed etc. A new sub-rule (2) has been inserted providing a time limit of three months [further extendable by 6 months] for granting such remission of duty from the receipt of application under this rule read with s...

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Executive summary of Finance Bill 2017: Customs & Central Excise Duty

This Article is Exhaustive analysis of Amendment related to Central Excise Duty and Custom Duty proposed to be carried out by Finance Act 2017 or Union Budget 2017 ...

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Latest Excise Duty News

Find out all the latest news on Excise Duty here at Taxguru.in. 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

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