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
Amount deposited under mistaken notion doesn’t amount to duty hence interest eligible
Proportionate CENVAT Reversal Treated as Separate Records; Full Credit Demand Set Aside: CESTAT Mumbai
CENVAT Demand Quashed Due to Lack of Proof of Common Input Services
CENVAT Credit Allowed as Delivery Terms Establish Buyer’s Premises as Place of Removal
Excise Duty exemption notifications based on “Intended Use” must be liberally construed in assessee’s favour
CENVAT Credit Allowed as Storage Tanks Used for Providing Output Services
Duty demand set aside as no evidence proved manufacture of gutka before installation of pouch packing machine
Section 11A Excise Demand Unsustainable Against Non-Chargeable Person: CESTAT Mumbai
CENVAT Credit Allowed as Duties Paid Through DEPB Scrips Were Valid: CESTAT Hyderabad
No Duty Demand Where Tax Already Paid Despite Alleged Non-Supply of Goods
Excise Duty Cut on Petrol and Diesel: A Bold Governance Move Amid War
Excise Rules Amended to Exclude Fuel Export Rebates
Central Excise Notification Rescinded to Withdraw Earlier Exemption Framework
Excise Notification Amended for Petrol, Diesel Exports by PSU oil firms to select countries
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
