Excise Duty
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Excise Duty Benefit withdrawn -Unjustified -Indian Automobile Industry
2 Years Imprisonment to Then Inspector of Central Excise in a bribery case
Corrigendum amending conditions for claiming exemption would apply from date of original Exemption Notification
If goods not intended for retail sale than provision of valuation U/s, 4A not applicable
FM asks IRS-Customs & Central Excise Officer Trainees to be Both Firm & Fair in Their Dealing with Tax Assesses
Inclusion of cases filed in Settlement Commission in Call-Book
Monetary limit for filing appeal in the Tribunal/Courts – CBEC Clarification
Board’s Circulars have prospective effect only and not retrospective effect
CAG reports on incorrect valuation of excisable goods
CAG Report on Central Excise Administration in Automotive Sector
Why an assessee should avoid sending an appeal by speed post?
More than 50% of registered taxpayers not filing Excise returns
Inclusion of Cost of insurance in Assessable Value for Excise Duty
Where all factual facts are available on the records, the Tribunal couldn’t remand back the case
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
