Excise Duty
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44.4 Percent Increase in Indirect Tax Collections in first six Months(April-September,2010) of 2010-11
Clearance of goods to a SEZ unit would not amount to export for the purposes of Rule 5 of CENVAT Rules
Tax evasion charges against Philips, TVS Motor- Central Excise Department
Commissioner of Central Excise and Customs Versus Genus Electrotech Limited (Gujrat High Court)
Delhi finally has its own excise Act with stiff penalties and fine
Former Central Excise Commissioner Sentenced to Four Years Rigorous Imprisonment
Article on Central Excise – Marketability of Goods
Amends Notification No.6/2006-Central Excise, dated the 1st March, 2006 – Effective Rate of Duty on goods of Chapter 83 to Chapter 93
Goods cleared in DTA without permission should be charged to excise duty under main Section 3 and not under the proviso
CENVAT Credit (Fifth Amendment) Rules, 2010
Processing of departmental litigation before Courts / Tribunal- reg
Legal provisions and procedures for recovery of arrears/demands of Excise Duty
Indirect Tax Collections Grows by 45.9 Per Cent During April – August 2010
Circular on Levy of Clean Energy Cess, Dated: 08.09.10
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
