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
CBEC Denies any Holding of Customs, Excise Duty and Service Tax Refunds/Drawbacks
Summary of Recent Amendments in CENVAT Credit Rules
Importers issuing Cenvatable invoices to register under Central Excise & to file Quarterly Return
Conditions for allowing CENVAT – Rule 4 of CCR,2004
Procedures / conditions for refund of CENVAT Credit to servics providers
Transfer of Cenvat credit on shifting of factory premises
New Return Form for furnishing Quarterly Return by first stage/ second stage dealer or registered importer
Amendment in Central Excise Registration Form to include the importers under the list of Applicants
Importers registered with Excise to file Quarterly Return
Importers issuing Cenvatable Invoice to register under Excise Act wef 01.04.2014
Form A-1 available for for registration of ‘Importers’ under Central Excise to enable them to pass on Cenvat credit
CBEC rescinds notification No. 18/2013 – Central Excise (NT), dated 31.12.2013
CBEC rescinds notification No. 17/2013 – Central Excise (NT), dated 31.12.2013
Amendment in distribution of Cenvat Credit by ISD from 1st April, 2014
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
