Excise Duty
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Notification No. 02/2013-Central Excise ; Dated : 18.02.2013
Grant of Commendation Certificate on the occasion of Central Excise Day, 2013 – regarding
Rebate of Duty Paid By Merchant Exporter
Merely on basis of entry in ST-3 return it cannot be said whether assessee had availed credit or not
Mere non-payment of duties is not collusion or willful misstatement or suppression of facts
Cenvat Refund – Period for compliance cannot be extended even on ground of impossibilities of adherence to same
Department should not take coercive steps until disposal of stay petition by Tribunal
President, VP or any other Member of Cestat, On Ceasing to Hold Office for any Reason, Not Entitled to Appear, Act or Plead before Cestat
CBEC Circular on recovery during pendency of appeal is arbitrary, unjustified & unlawful – Bombay HC
Two wheelers manufacturer can claim cenvat credit on Motor Tool Kit
Madras HC grant interim stay in respect of demand raised pursuant to CBEC Circular
Assessee eligible to take credit of service tax paid belatedly
FM asks Customs and Central Excise officers to take Advantage of Technological Advance
Actual transport must for classification as courier agency
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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.
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