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
CBIC rescinds notification No. 5/2023-Central Excise dated 1.2.2023
CBIC Exempts Biogas in Blended CNG from Excise Value; Defers Additional Duty on Diesel
Central Excise Notification Caps NCCD on Chewing & Jarda Scented Tobacco at 25%
Excise Rules Amended to Redefine Packing Machine Speed Calculation
Excise Demand Set Aside for Ignoring CA-Certified Actual Discount Data without evidence
Notes on Health Security se National Security (HSsNS) Cess Act, 2025
Patna HC Set Aside Vehicle Confiscation for Imposing Penalty Not Sanctioned by Law
Interest on Excise Duty Not Payable in Revenue-Neutral Situations: Calcutta HC
Madras HC Rejected Limitation Plea as Raised at hearing stage Without Supporting Facts
Textile Committee Cess Invalid as Dyeing Is Not “Manufacture”: P&H HC
Bihar Excise Act: Patna HC Cuts Penalty to 30% for Release of Rental Car Seized With Liquor
SC Admits Appeal on Revenue Neutrality in Inter-Unit Excise Valuation
CESTAT Kolkata Set Aside Excise Demand Due to Revenue Neutrality in Inter-Unit Transfers
Patna HC reduces Excise Penalty from 90% to 10% as Disproportionate to Insured Value
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
