Excise Duty
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Appellate Authority cannot Enhance Penalty: Punjab Excise Act, 1914
CENVAT credit on deposits insurance – Banks v/s Departments
Section 35F do not bar Pre-Deposit out of CENVAT Credit Account
CBEC Partner Connectivity Protocol
Refund of Swatch Bharath Cess: A new area of Litigation
CBEC clarifies on classification of ‘Saree’ under CETA, 1985
Notification No. 06/2017-Central Excise (N.T.), Dated: 14.03.2017
CBEC Master Circular on Show Cause Notice, Adjudication & Recovery
Indirect Tax Collections up to February, 2017 show Growth of 22.2%
Taxes on Petrol / Diesel & CNG and neighboring Countries
CBI Arrests Superintendent of Central Excise in an alleged bribery case
Levy not specified in SCN cannot be levied by Settlement Commission
Limitation period of one year is not applicable for claiming refund of taxes paid under protest
Personal Penalty on director for clearance of taxable goods as exempt is unwarranted in absence of their role in the same
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
