Excise Duty
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Enhanced penalty on Customs House Agent for mis-declaration of goods justified

Cross-examination of witness could not be demanded before filing of reply to SCN & before commencing of adjudication.

No penalty if no wilful suppression of facts with intention of evading excise duty

No duty leviable if raw material is destroyed within the unit after intimation to Customs authorities

No penalty without SCN for wrongful availment of Cenvat Credit

Excess amount paid by appellant is merely a deposit not a duty; Refund allowable

CESTAT grants 12% interest on amount refundable pursuant to order of Appellate Court

CESTAT allows transitional credit as petitioner complied with Procedures for availing credit

No cenvat credit on catering service availed by assessee-employer to provide food & beverages in factory canteen

Nimbooz classified under Category of Fruit Juice based Drinks and not Lemonade, No GST payable: CESTAT
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
