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
CENVAT Credit On Canteen Service Post 2011 – Yes, You May
Procedures For Availing Excise Duty Exemption On Goods donated to flood effected people J & K
Interesting Legalities Connected With CESTAT- Part -I
Where Assessee has made pre-deposit as directed by Commissioner (A), Dept cannot make coercive recovery during pendency of Stay Application
Indirect Tax Collection during April-November 2014 increases by 7.1%
Excise duty exemption on goods for relief of flood affected people of J&K
SEZ units entitled for exemption from CVD on goods cleared in DTA notwithstanding bar U/s. 5A of Central Excise Act, 1944
Principal Manufacturer entitled to avail Cenvat credit of duty paid by job worker on intermediate goods
If Court is closed on last day of prescribed period, next working day is to be treated as last date of limitation for filing an appeal
Deemed exports & exports not distinguishable for Central Excise Law
Can CESTAT dismiss an appeal for want of prosecution?
Tax already paid by Assessee out of disputed amount at Adjudication level would be treated as mandatory pre-deposit for filing appeal
Any Stay Order passed by the Tribunal, if is in force beyond August 7, 2014, shall continue till disposal of appeals
Tribunal has no inherent power to put a condition for depositing an amount for adjudicating the case afresh
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
