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
Change in the territorial jurisdictions of Central Excise Zones in Karnataka
Seeks to provide exemption to Project ASTRA by amending notification No. 64/95 -CE dt. 16/3/1995
ST Refund claim is to be filed by service recipient within one year from tax payment date
Time Limit u/s 11B not applies to Excise Duty Paid Twice mistakenly
Manufacturing of goods under own brand name is not job-work
No prescribed time-limit for taking Cenvat credit
Cenvat Credit cannot be denied if invoice number was handwritten or rubber stamped
Assistant Commissioner of Central Excise & Customs Sentenced For Possession Of Disproportionate Assets
Mere change in shareholding pattern not amounts to transfer of factory
Demand based on verification of worksheet submitted by assessee is valid
Place of removal in cases where duty is not payable on transaction value shall be place where duty is paid
No payment required in cash where tax already deposited by utilizing CENVAT Credit
No need for one to one co-relation of CENVAT credit availed on input services towards payment of output services
Cenvat credit eligibility of services used for clearance of final products upto the place of removal
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
