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
Notification No. 22/2016-Central Excise, Dated: 5th May, 2016
Notification No. 21/2016-Central Excise, Dated: 5th May, 2016
Notification No. 20/2016-Central Excise, Dated: 5th May, 2016
Every Wednesday declared as taxpayers’ day by CBEC
Guidelines for Rewards to Informers of Tax Evasion
No rollback of excise duty on Articles of Jewellery : FM
Changes in CENVAT Credit Rules, 2004 by Union Budget 2016-17
CBEC Clarification with regard to disposal of Call Book cases
Budget 2016 Video on Changes in Cenvat Credit Rules, 2004
Simplified procedure for units in Aircraft Repair & Overhaul
Withdrawal of Circulars/Instruction on excisability of bagasse, aluminium/ zinc dross
CBEC takes Litigation Management & Dispute Resolution measures
Department cannot insist to avail particular option under Rule 6
Corroborative evidence enough for proving clandestine clearances
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
