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
Goods Manufactured for use by other Manufacturers cannot be subjected to Excise U/s. 4A
If Designated Committee not issues SVLDRS 3 within 30 days it is a case of deemed discharge
Cenvat credit allowable on HR / MS Flats, MS Coils used for manufacturing ships
Condonation of delay in filing appeal due to Financial crisis & Labour unrest justified
Exemption Central Excise duty against scrips issued under 2% Additional ad hoc incentive for mobile phones
Central Excise duty exemption against scrips issued under RoSCTL scheme and additional ad-hoc incentive for apparel and made-ups sector
CESTAT cannot carry out independent assessment of tax liability: HC
Sabka Vishwas Legacy Dispute Resolution Scheme- 49,534 settlements done
CESTAT on Refund of CVD & SAD – Paid to regularize import under Advance Authorization
Cenvat Credit eligible on renting of premises outside factory for marketing
S 11B limitation held applicable in accumulated Cenvat credit refund is bad law- Part 1
Dadra and Nagar Haveli and Daman and Diu (Extension with modifications of the Goa, Daman and Diu Excise Duty Act, 1964) Excise Regulation, 2020
Himachal Pradesh (Legacy Cases Resolution) Scheme, 2019
TFM cannot be the determinative factor for classification of Soap
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
