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
CBI Chargesheets then Addl. Excise Commissioner in DA Case
Precaution in Information Return filing by RBI & Electricity Companies
Excise duty paid more than CAS-4 is sufficient compliance
Glance at burning Legal Issues to Set off in this Budget!
CBI arrests Custom & Excise Officer in 10 Lakh Bribe Case
Cenvat credit for tax paid on insurance for factory employees & Pest Control Services
CENVAT credit on service tax paid to avail services of CHA is admissible
Retrospective Amendment of CENVAT Credit Rules, 2004
Physical brand embossing not must, to be called as branded goods
Section 11C of Central Excise Act on Di-Calcium Phosphate (animal feed grade) of rock phosphate origin
Mandatory recovery of advertising cost should be included in AV
Inclusion of Advertising cost recovered in Assessable Value?
Effect of ‘in limine’ dismissal of SLP by Supreme Court
Budget 2016: Recapitulation Of Errors That Need Instant Rectification!
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
