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

Cenvat credit of education & SHE cess to GST not permitted

CESTAT allows use of Cenvat Credit to pay Excise Duty on Supplementary Invoices

Pre-delivery inspection & after sales service charges not includible in assessable value of motor vehicles

Taking credit and then reversing the same entry is as good as not taking the credit at all

CESTAT Order allowing refund of CESS attains finality if not challenged by Revenue

Refund claim made within one Month after passing of Appeal order not get time barred under Section 11B

No excise duty on generation of aluminium dross & skimming of aluminium castings/parts of motor vehicles

No denial of exemption of excise duty on mere taking credit of duty paid on Inputs used in manufacture of goods

CBIC instructions on issuance of SCNs & disposal of adjudication matters

Mere failure to pay Excise Duty not sufficient to attract extended Period of Limitation: 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
