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
Tower & blades used in Wind Operated Electricity Generators eligible for excise duty exemption
Cenvat credit available on capital goods/inputs used in manufacture of exempted goods & cleared without payment of duty on Job work basis: HC
No refund application required for refund of Extra Duty Deposit made pending finalisation of provisional assessment: HC
Govt. exempts Excise duty on RBD Palm Stearin, Methanol and Sodium Methoxide used in manufacture of such biodiesel
Rebate of Duty Admissible Both on Inputs i.e raw materials and Final Goods
Coconut oil cannot be classified as Hair Oil for mere Packing in Small Containers
Indirect Tax Collection raises by 32.6% in September 2015
Need for Increasing Cooperation Between Customs & Tax Authorities of Different Countries-CBEC
Amendment to Section 35F of CEA, 1944 are Constitutional: HC
CENVAT Credit (Fourth Amendment) Rules, 2015
No Excise duty Price-escalation not contemplated at or before time of removal :SC
Order becomes null if based merely on statements of witnesses without allowing assessee to cross-examine them: SC
Conditions & Limitations for Grant of Rebate of Duty on Goods Exported out of India
Tangible evidences required for proving clandestine manufacture & not mere assumptions – HC
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
