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
Lessee cannot claim CENVAT credit on capital goods on which lessor has availed depreciation U/s. 32 of Income Tax Act, 1961
Bombay HC on eligibility for Benefit of Kar Vivad Scheme,1998
Credit not to be reversed when inputs shown as scrap at lesser value and not written off
No SSI Exemption on manufacturing own Goods with 3rd Party Brand
Appeal before CESTAT? Declare that such matter not pending in other courts
Classification of articles of paper and printing industry- regarding
CBI Arrests three Central Excise Officials in a bribery case
Central excise demands on Industrial Promotion Subsidy received under PSI 2007
Excise: Periodicity of CAS-4 certificates-reg
Excise duty on medicines under Ayurvedic, Unani, Siddha, Homeopathic or Biochemic Systems
Indirect tax collections upto January 2017 shows positive growth
Budget 2017-18 : Economic reforms and indirect taxes
Section 11D cannot be invoked if excise duty collected been paid to Govt
CESTAT passes Strictures against Advocate for making frivolous arguments
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
