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
Cenvat Credit eligible on Sales Commission to Manufacturer
Allegation of clandestine removal not sustainable merely for high consumption of electricity
Central Excise duty not leviable on CO2 manufactured during beer manufacturing process
CBIC Chairman releases National Time Release Study, 2022
Cenvat credit eligible on Factory Garden Services to Comply with Pollution Regulations
Proportionate reversal of Cenvat credit cannot be objected for mere non-filing of declaration
Courier Services for Export of Goods eligible for Cenvat Credit
CBIC Policy decision cannot run contrary to Court Judgment to Deny Refund of Cess
Cenvat credit on outward transport eligible if place of removal is premises of the buyer
HC cannot permit Waiver of Pre-Deposit under section 35F
Cenvat credit of service tax not eligible on ‘rent-a-cab’ service
Cenvat credit on Free warranty service during warranty period through third parties cannot be denied
Waste Segregation Process is ‘Manufacturing Activity’
Pre-Notice Consultation – Face Off Between Tax Payer and Department
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
