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
Can department force assesse to exercise a particular option under Rule 6 of CCR’04 in case of any procedural lapse?
Section 11A not mandatory to be invoked for recovery of wrong refund- HC
Section 11A mandatory for recovering refund granted pursuant to the order which subsequently declared as unsustainable – HC
Duty paid under mistake of law can be recovered only by resort to provisions of Section 11B
Royalty pad by distributor to music producer for copyright use is not an additional consideration to assessee a job worker
Restriction to use trade mark beyond a physical area limit does not automatically make it usable within the allowed area if same belongs to other person- SC
Indirect Tax collection for July,15 shows growth of 39.1%
Question of applicability of Exemption Notification relates directly and proximately to duty rate
Availment of Cenvat Credit Based on Bogus Invoices of Car Dealers by Insurance Companies
Process of assembling bringing a change in name & use of components amounts to manufacture- SC
Exemptions under Service tax are optional unlike Section 5A of CEA
Allahabad Bench of CESTAT to have circuit bench for atleast 7 days in a month
Input credit not reversible in case of remission of duty on destroyed goods
Refund of pre-deposit is permissible through a simple letter and no need to file refund claim u/s 11B of the CEA
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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
