Excise Duty - Page 10

Flexible Windfall Tax

Windfall Tax is an additional tax rate, levied by Government, on unexpected profits earned due to sudden windfall gain from an events which are outside the control of a company or industry. Windfall tax is imposed on certain section of companies or industries viz. petroleum, natural gas etc. due to favourable price situation arises on [&h...

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Central excise cannot move against legal heirs of a deceased person to recover penalty

Commissioner of CGST And Central Excise Vs Ashirwad Foundries Private Limited And Anr (Calcutta High Court)

Commissioner of CGST And Central Excise Vs Ashirwad Foundries Private Limited And Anr (Calcutta High Court) Whether central excise can move against legal heirs of a deceased person to recover the penalty imposed under  Act. The Division bench of Calcutta High Court in this case was dealing with an important matter where the Department fi...

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After 30.06.2017 Cenvat credit arising out of legacy shall be refunded to assessee in cash

Gabriel India Limited Vs Commissioner, Central Goods & Service Tax and Central Excise (CESTAT Delhi)

Gabriel India Limited Vs Commissioner, Central Goods & Service Tax and Central Excise (CESTAT Delhi) w.e.f. 01.07.2017, the Government of India had introduced GST regime which has replaced earlier Cenvat Credit Rules, 2004 with transitional period of 30 days. Accordingly, after 30.07.2017, no assessee is permitted to avail credit in t...

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Date of service and not dispatch is to be considered for period of limitation

Shree Cement Limited Vs Commissioner Central Excise & CGST (CESTAT Delhi)

CESTAT Delhi held that period of limitation should be calculated from the date when the order was served and not from the date when order was dispatched....

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Benefit of notification no. 67/95-CE available as additional premise is extension of factory

Jyoti CNC Automation Pvt Ltd Vs C.C.E (CESTAT Ahmedabad)

CESTAT Ahmedabad held that benefit of notification no. 67/95-CE duly available on transfer of goods to additional premise as additional premise is an extension of factory of the appellant....

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Interest liability is appended on confirmation of differential duty

H H Patel & Company Vs Commissioner of Central Excise & Customs (CESTAT Mumbai)

CESTAT Mumbai held that confirmation of differential duty necessarily has interest liability appended to it Accordingly liability to pay interest on duties short-paid at the time of clearance of goods for captive consumption does not get erased....

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Cenvat credit of service tax paid during setting up of factory is duly available

Basf Vs C.C.E. & S.T.-Vadodara-ii (CESTAT Ahmedabad)

CESTAT Ahmedabad held the eligible cenvat credit of service tax paid during setting up of the factory is duly available as without use of such service the appellant could not have possibly manufactured the excisable goods....

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Demand under Pan Masala Packing Machines Rules unsustainable as number of machines remained same after replacement

Chandan Tobacco Co Vs C.C.E. & S.T.-Daman (CESTAT Ahmedabad)

CESTAT Mumbai held that demand under the provisions of Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008 unsustainable as number of installed machines before and after replacement of machines remained same....

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Exemption notification has to be read as a whole & benefit not eligible if condition not fulfilled 

Godrej Consumer Products Limited Vs Union of India (Jammu & Kashmir High Court)

Godrej Consumer Products Limited Vs Union of India (Jammu & Kashmir High Court) In the present case, impugned Notifications are lucid and eloquent and need not be interpreted or construed in the way and manner the petitioner intends and chooses to and as a result whereof, writ petition qua impugned Notifications is liable to be [&hell...

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CESTAT directs Adjudicating Authority to pass a speaking order

Chettinad Cement Corporation Private Limited Vs Commissioner of G.S.T. and Central Excise (CESTAT Chennai)

CESTAT restore the matter to the file of the Adjudicating Authority who shall pass a speaking order as per law after granting reasonable opportunities to the appellant and since the matter pertains to an earlier period which has travelled twice before this forum, the Adjudicating Authority shall pass a de novo order within a time-frame of...

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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