Excise Duty
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Rule 6 not applies to waste like bagasse, press mud, etc. which are not a manufactured product
An issue not raised & decided by Commissioner (Appeals) cannot be entertained in 2nd appeal before Tribunal
CESTAT order not in compliance with HC directions can be restored to CESTAT
CBI Arrests Central Excise Inspector for Accepting Bribe in Delhi
Knowledge of assessee’s son is knowledge of assessee himself, No Condonation on the ground of Ignorance
Cenvat credit is admissible on the basis of invoices issued by consignment agent
Cenvat credit admissible on Dismantling service of existing structure for renovation
Department appeal not valid if review committee not records its satisfaction for filing of appeal
SCN issued after death of proprietor is bad in law
Service tax not payable on Technical inspection & testing of LPF Tankers under Indian Explosives Act, 1884
Only standard text books sold eligible were for ST exemption, not study materials provided as a part of service
Cenvat Credit cannot be denied for procedural defects of minor nature
Compounding application can be rejected on ground of suppression of facts if omitted fact was material to relief claimed by applicant
If job worker not availed ST exemption, Service Receiver can claim Input Credit
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
