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
CESTAT Delhi Sets Aside Excise Demand as Department Had Consistently Classified Product as Chewing Tobacco
Government Waives AIDC on Higher Ethanol-Blended Petrol
CBIC notifies Nil Road and Infrastructure Cess on E22 to E30 Petrol
Nil special additional excise duty Benefit extended to E22, E25, E27 & E30 Petrol Blends
Government Grants Excise Exemption as Higher Ethanol-Blended Petrol Needs Policy Support
CESTAT Allows CENVAT Credit as Rule 16 Not Requires Goods to Be Returned to Same Buyer
CENVAT Credit Cannot Be Denied for Plant Maintenance Services Misclassified as Civil Construction: CESTAT Delhi
CENVAT Credit Demand Set Aside as Export Turnover Cannot Be Included in Exempted Turnover
Excise Penalty Quashed as Duty and Interest Were Paid Before Show Cause Notice
CESTAT Allows Appeal as Export Turnover Cannot Be Added for Rule 6 Credit Reversal
CESTAT Allows Appeals as Manufacturer & Marketing Company Were Not Related Persons
CESTAT Allows Appeal as Manufacturer & Marketing Company Were Not Related Persons
Lakshadweep Introduces New Excise Law to Regulate Liquor Trade and Consumption
Cenvat Demand Set Aside as Proportionate Credit Reversal Satisfied Rule 6 Requirements
Latest Excise Duty News
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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
