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
Burden of proving unjust enrichment is on Revenue
Discrepancy in Appeals to be withdrawn and Appeal Below Monetary Limit
Onus is on revenue to establish depression of assessable value; Matter Remanded back – SC
Proceedings under rule declared unconstitutional by HC in invalid
Composition of mixture important for classifying fertiliser-CESTAT
Notification No. 03/2016-Central Excise Dated-22nd January, 2016
Revised Rules for appointment as CESTAT President
Report in respect of withdrawal of department’s appeals pending before HC/CESTAT
Testing cost of returnable durable cylinders not includible in AV
Extended limitation period on issues interpreted differently by different courts
CBEC compiling List of prosecution up to 5 Lakh cases in Excise
No question of passing burden of duty arise when it was paid under protest during pendency of adjudication proceedings
Assessee can utilize Cenvat credit while making payment of duty foregone at the time of de-bonding of 100% EOU Unit
Assessee cannot insist upon cross-examination of informers whose statement may not be relied upon
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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
