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
Advisory on Amendments in SVLDRS Module
Handwritten Serial Number cannot be the reason for denial of ITC
No Cenvat Credit denial for Clerical Error in mentioning Vehicle Number
Area based exemption under central excise available where new unit successor to previous unit and to adjacent units.
Govt increases Excise duty cess on petrol & diesel by Rs. 1 per litre
Govt increases SAED on petrol and diesel by Rs. 2 per litre
Cenvat credit of duty paid in excess as per final assessment, admissible
No contravention of EXIM Policy in case finished goods after job work cleared to DTA
Cenvat Credit cannot be denied on assumptions of fraudulent intention
Redemption Fine is covered under SVLDRS
S 11B limitation held applicable in accumulated Cenvat credit refund is bad law—Part 2
Refund of input Cenvat credit cannot be denied for mere non-registration of premises
Can Purchaser of goods claim refund of duty paid under protest by manufacturer
Goods Manufactured for use by other Manufacturers cannot be subjected to Excise U/s. 4A
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
