Excise Duty
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Clandestine removal cannot be proved on the basis of loose sheets and pocket dairy
Karnataka HC Allows CENVAT Credit Refund on business closure
CESTAT Upholds HUL’s Classification of Aloe Vera, Baby Petroleum Jelly
Madras HC Strikes Down Central Excise Rule 8(4), Quashes Demand Orders
Byproducts in Rice Bran Oil Refining Treated as Waste, Exempt from Excise
HP High Court Slams Officer for Order Against Deceased
No Extended Limitation Or Penalty When Duty Details Disclosed in ER-1
Safari Retreats decision cannot be mechanically applied to all CENVAT Credit Rule cases
CESTAT Ahmedabad Remands Case on CENVAT Credit, Cautions Commissioner on Misapplication of GST-era Ruling
Utilization of cenvat cannot be disallowed when availment of credit not disputed
CENVAT Credit Recovery Invalid Without Vendor as Co-Noticee: CESTAT Kolkata
CESTAT allows refund claim for denied Cenvat credit under GST transition rules
Sprout Value Must Be Included in Malt’s Assessable Value: CESTAT Delhi
Madras HC Orders CESTAT to Admit delayed Appeal against Undelivered Order
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
