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
SC: Clandestine Removal Disputes Not Maintainable Under Section 35-L, Excise Appeals Restored
Chhattisgarh HC Grants Bail in Mahua Liquor Seizure Case Under Excise Act
No Extended Period u/s 11A Without Misstatement or Suppression: SC
CBIC Order Assigns Central Excise and Service Tax Appeals
No Penalty on Bonafide Reversal of CENVAT Credit by Tyre Manufacturer
CESTAT Mumbai Upholds Exclusion of Goa VAT NPV Subsidy from Excise Duty Valuation
Excise Duty Pre-Deposit Mandatory, Partial Waiver Not Allowed: Delhi HC
CENVAT Credit Refund was permissible even when exported output service was not being taxable
CENVAT Credit on insurance and authorized service station allowed: CESTAT Chandigarh
Pre-Deposit Mandatory for Excise Appeal, Financial Hardship No Excuse: SC
Management or Business Consultant and Business Support Service qualifies as input services hence CENVAT admissible
Excise Demands Extinguished by NCLT Order: Telangana HC
Criminal Trial Under Excise Act can continue Despite Quashed Adjudication: SC
CESTAT Grants Interest on Sanctioned CENVAT Refund Claim for Delay Beyond Three Months
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
