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
Proceedings under Central Excise Act get abated on the death of assessee
Job work – Valuation under Excise
No denial of Cenvat credit availed on invoices issued in the name of unregistered premises
Excisability of Fly Ash generated during manufacturing
Excise Duty- Measures taken for ease of doing business in India
FM to Inaugurate 2 Day Annual Conference of Chief Commissioners / Director Generals of Customs, Central Excise and Service Tax
No Service tax can be levied on indivisible Works Contracts prior to June 1, 2007
Intention of Legislature and Purposive Construction should be Considered while interpreting a Notification- SC
Test of marketability satisfies on being shown that product is capable of being sold and actual sale is irrelevant- SC
Exemption notification to be strictly interpreted so as to leave no room for any extended meaning – SC
CENVAT credit eligible even if expenses are reimbursed by Parent company
Valuation rules should not be invoked, if the transaction is done on arm’s length price even in case of related parties – SC
Recovery order passed without issue of show cause notice is illegal- SC
CESTAT has power to extend Stay beyond 365 days where delay in disposal of appeal is not attributable to the assessee
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
