Excise Duty
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Customs/Central Excise/Service Tax Offices to Remain open on 28.03.2015
Decoding Rule 6 of Cenvat Credit Rules, 2004
CBEC- Website to show outstanding work done by retiring Government employees
Substantial benefit cannot be denied for mere procedural lapse: HC
Credit of Capital Goods not owned by manufacturer during receipt at factory
List of Indirect Tax cases against accepted by CBEC
Section 11AC- Extension by way of omission in 'Relevant Date'
CBI to recruit Superintendent of Police out of CBEC officers
Indirect Tax (provisional) collections during April-February, 2015
Steps needed to be taken to improve indirect tax administration
Mistake In Declaring Liability Will Lead To Recovery Without SCN Or Recovery Without SCN-Constitutionally Valid?
Putting of system to regularly monitor litigation cases for safeguarding the interests of Union of India
Changes in Settlement Commission provision in Central Excise & Custom
Old practice of Government-High Court Decision undone!!
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
