Excise Duty
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Colors of ambiguity still on Heena
Budget 2014-15 – Amendment in Excise Duty Related Provisions
Valuation of fertilizers for the purpose of levy of excise duty – inclusion of subsidy component in the assessable value – Clarification – Regarding
Budget 2014 – Chapterwise Changes in Customs & Central Excise duty
Import Duty on Chinese Bicycles
New Government, new hopes: Excise & Service tax law needs to be MODIfied
CBEC seeks adherence to judicial discipline in the matter of refunds
Waiver of interest by assessee does not detract Revenue’s obligation to grant interest on belated refund
CBI arrests Excise Superintendent & Inspector from Hyderabad in bribery case
Instructions to Follow Judicial discipline in adjudication proceedings
Excise duty cut for Auto, Capital goods, Consumer durables extended till Dec 31, 2014
Govt extends excise duty concession on Motor Car and Capital Goods
Cenvat credit on eligible inputs used in generation of electricity
CAG report on Non-Compliance with Excise Duty Rules and Regulations
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
