Excise Duty - Page 399

Central Excise-Bright Steel Bars-Eligibility of exemption in terms of provisions of the notification No. 202/88-CE dated- 20.5.88

Circular No. 24/24/94-CX (21/02/1994)

Circular No. 24/24/94-CX Representations have been received that benefit of Notification No. 202/88- CE has been denied to the product commercially known as bright bars. In Rajkot Collectorate a view has been taken that bright bars are covered under the expression "Other bars and rods" referred at note I (m) of Chapter note to Chapter 72...

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Circular No. 23/23/94-CX Dated 16/2/1994

Circular No. 23/23/94-CX (16/02/1994)

Circular No. 23/23/94-CX Kind attention is invited to Board"s Circular F. No. 167/2/94 - CX.4 dated 11.1.1994 (copy enclosed as Annex.I) introducing a new numbering system in respect of Orders issued under Section 37-B and other Circulars/instructions/clarifications. This system is being followed in respect of the numbering of orders, is...

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Submitting summary of progress report on important cases of seizures / prosecutions / recovery-Regarding

Circular No. 22/22/94-CX.6 (15/02/1994)

Circular No. 22/22/94-CX.6 You are requested to furnish the details of recoveries exceeding Rs. 50 lakhs made in Central Excise case and progress of prosecutions launched to the Director General (Anti Evasion), New Delhi by 15th of every month....

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Simplification of procedure for payment of excise duty and distribution of liquid gas

Circular No. 21/21/94-CX.6 (11/02/1994)

Circular No. 21/21/94-CX.6 The matter has been examined by the Board. It is observed that Rule 9 and 49 and also Rule 173G of Central Excise Rules, 1944 pre-suppose payment of duty for each consignment by debit to account-current. It has, therefore, been decided that clearances of liquified gas in tanker lorries should not be allowed wit...

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Procedure for settlement of disputes with Public Sector Undertakings – Regarding

Circular No. 20/20/94-CX (10/02/1994)

Circular No. 20/20/94-CX Reference is invited to Board"s D.O.F. No. 275/68/91-CX.8A (Pt.) dt. 17.10.92 enclosing a copy of O.M. No. 53/3/91-Cab. dt. 31/21/91 issued by the Cabinet Sectt....

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Central Excise – Galvanisation – Whether it amounts to manufacture or not – Regarding

Circular No. 19/19/94-CX (09/02/1994)

Circular No.19/19/94-CX Representations have been received that in certain Collectorates the process of galvanisation has been treated as a manufacturing activity within the meaning of Section 2(f) of the Central Excise and Salt Act, 1944....

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Central Excise – Benefit of Notification No. 73/90-CE dated 20.3.1990 – Rural Automatic Exchanges – Regarding

Circular No. 18/18/94-CX (09/02/1994)

Circular No.18/18/94-CX In terms of notifications No. 73/90-CE dated 20th March, 1990, Concessional rate of duty of 15% have been prescribed for Rural Automatic Exchanges (RAX) (upto 512 Ports) subject to the condition that the manufacturer produces at the time of clearance a certificate from an officer not below the rank of General Mana...

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Classification of Surface Finishing & Electroplating Chemicals Regarding

Circular No. 16/16/94-CX (08/02/1994)

Circular No.16/16/94-CX 2. The mater was referred to the Chief Chemist, CRCL, New Delhi for his opinion in the matter. Chief Chemist, CRCL has stated (copy of the opinion enclosed) that the technical information available reveals that various substances or formulations are used for the treatment of the metal before it is electroplated. ...

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CE-Crediting of excess excise duty on levy sugar realised by Collectors of Central Excise to levy sugar price Equalisation Fund

Circular No. 15/15/94-CX (08/02/1994)

Circular No.15/15/94-CX Instances have come to the notice of the Board where sugar factories availed the duty concession prescribed under Notification No. 130/83 and 131/83 both dated 27.4.83 and as per Directorate of sugar"s order dated 4.11.87 the new sugar factories paid duty at the concessional rate of Rs. 38/- per quintal and collec...

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Circular No. 17/17/94-CX-6 Dated 6/2/1994

Circular No. 17/17/94-CX.6 (06/02/1994)

Circular No.17/17/94-CX.6 The procedural restriction envisaged in sub-rule (2) and (2A) of rule 224, read with sub-rule (2) of rule 173HG of the Central Excise Rule, 1944, regarding removal of excisable goods after 6 P.M. on the day preceding the Budget Day and also on the Budget Day, should be strictly enforced on all assessees, includi...

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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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