Excise Duty
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Customs: Section 61(1) not provide for use of goods in manufacture

Excise duty not payable on TCS collected from buyer of scrap

No Recovery from sanctioned refund when Assessee already paid pre-deposit of 7.5% or 10%

CESTAT allows refund of CVD & SAD paid during GST regime for import made pre June 2017

CESTAT explains Rule 3(5B)- Cenvat credit Reversal for provision for slow moving inventory

Mere short payment of duty not sufficient to invoke extended period

Central Excise: Adjustment cannot be exercised for demand of tax/interest/penalty which is sub-judice

Value of Scrap generated after Manufacture not Includable in Assessable Value

Allegation of suppression cannot be alleged in case concerned officer had de-bonded the unit

No Penalty If Cause of Action Itself Does Not Survive
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
