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Custom Duty Mining Tyres Eligible for Classification Under Customs Tariff Item 40118000: CAAR Custom Duty Spare Parts of Capital Goods Not Eligible for Duty Exemption Under Notification 24/2005-Cus.: CAAR Excise Duty P&H HC Allows CENVAT Credit on Materials Used to Fabricate Air Humidifier Ducts Service Tax CESTAT Denies Service Tax Exemption Without Proof of Value of Goods Supplied Excise Duty CESTAT Allows MODVAT Credit on DG Set Components Used for Power Generation Service Tax Sub-Contractor Liable for Service Tax Despite Tax Paid by Main Contractor: CESTAT Chennai Service Tax Sub-Consultants Liable for Service Tax Even If Main Consultant Paid Tax: CESTAT Delhi Income Tax ITAT Allows Section 54F Exemption for Duplex Flats Purchased Through Separate Agreements
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Excise Duty

Excise Duty Act, Rules Articles News Notification Circulars Instructions. Input Credit, Cenvat, Duty Rate, SSI Exemption, Excise on Jewellery,Excise on Garment

Excise DutyOnce Rebate claim is cancelled, EOU entitled to take re-credit in Cenvat Credit Account
Excise Duty

Once Rebate claim is cancelled, EOU entitled to take re-credit in Cenvat Credit Account

Bimal Jain11 years ago
Excise DutyInterest on delayed refund is permissible from expiry of 3 months’ from the date of filing Refund application
Excise Duty

Interest on delayed refund is permissible from expiry of 3 months’ from the date of filing Refund application

Bimal Jain11 years ago
Excise DutyIACC- Pre-Budget Memorandum on Indirect Taxes for 2015-16
Excise Duty

IACC- Pre-Budget Memorandum on Indirect Taxes for 2015-16

TG Team11 years ago
Excise DutyRemoval of Capital Goods – All is not yet clear
Excise Duty

Removal of Capital Goods – All is not yet clear

TG Team11 years ago
Excise DutyIndirect Taxes – Pre-budget Memorandum – 2015 by ICAI
Excise Duty

Indirect Taxes – Pre-budget Memorandum – 2015 by ICAI

TG Team11 years ago
Excise DutyCBEC Notice for voluntary retirement/resignation of its officers in Grade ‘A’
Excise Duty

CBEC Notice for voluntary retirement/resignation of its officers in Grade ‘A’

TG Team11 years ago
Excise DutyCenvat credit cannot be denied on Inputs forming ‘parts’ of final product
Excise Duty

Cenvat credit cannot be denied on Inputs forming ‘parts’ of final product

Bimal Jain11 years ago
Excise DutyDemand cannot be confirmed merely based on statement of witness
Excise Duty

Demand cannot be confirmed merely based on statement of witness

Bimal Jain11 years ago
Excise DutyRemoval of Capital Goods after putting to use not amount to removal
Excise Duty

Removal of Capital Goods after putting to use not amount to removal

Bimal Jain11 years ago
Excise DutyIndirect Tax Revenue Registers Increase of 7.4% During April-January 2015
Excise Duty

Indirect Tax Revenue Registers Increase of 7.4% During April-January 2015

TG Team11 years ago

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