Excise Duty
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No duty on goods supply based on international competitive biddings
CBEC ask Commissioners to Identify cases for write-off of arrears
Indirect Tax Dispute Resolution Scheme, 2016: Doubt on success
Penalty justified for removal of Machinery without CENVAT reversal
Cenvat on bills in HO name despite non registration as ISD
Indirect Tax Dispute Resolution Scheme, 2016
CBEC report on case pending adjudication & in Call Books
Excise duty on jewellery- No arrest,prosecution, search or seizure
Govt forms Committee on issues related to excise duty on jewellery
Three New Cesses under Indirect Taxes
Order of Commissioners cannot be reviewed twice: CBEC
Cenvat Credit of Service Tax Paid on Freight for Sale on for Basis
CBEC notifies date of applicability of rules for Goods Removal at Concessional Rate of Duty
CENVAT Credit of Service Tax paid on ‘Outward Transportation’
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
