Excise Duty - Page 30

Excise registration/Payment date for jewellers extended to 31.07.2016

Circular No. 1033/21/2016-CX (01/07/2016)

Time limit for taking central excise registration of an establishment by a jeweller is being extended up to 31.07.2016. However, assessee jewellers may make the payment of excise duty for the months of March, 2016; April, 2016 and May. 2016 along with the payment of excise duty for the month of June, 2016 upto the extended date of 31.07.2...

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Survey claims Attitudinal change in CBEC senior functionaries

Tax payers Survey got conducted by Central Board of Excise & Customs (CBEC) for garnering a feedback on impact that reforms undertaken during the last two years; Responses showed that 45% of the respondents saw an attitudinal change in senior functionaries (Commissioner level and above); and 51% acknowledged an improvement at the ground l...

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Posted Under: Excise Duty |

A person registered as FSD not required to take registration as an importer, and vice versa

Notification No. 30/2016 - Central Excise (N.T.) (28/06/2016)

In pursuance of sub-rule (2) of rule 9 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby specifies that‑ (i) a person who is registered as a first stage dealer shall not be required to take registration as an importer; or (ii) a person who is registered as an importer shall not be required to take regist...

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Common registration & return for First Stage Dealer & Importer

Circular No. 1032/20/2016-CX (28/06/2016)

An assessee who conducts business both as an importer and a First Stage Dealer may take only one registration as he has been exempted from the requirement of taking a second registration. It may be noted that the facility is optional and any assessee needing separate registration for his own business purposes, may so register....

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Reg. Fresh panel of Senior/Junior Counsels for CBEC cases

F. No.2784/33/2016-Legal (24/06/2016)

Constitution of a fresh panel of Senior/Junior Standing Counsels against existing slots for handling CBEC cases of Indirect taxation before the various High Courts and other fora - Calling for fresh recommendations - Regarding....

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Display list of Cases withdrawn & inform Assessee: CBEC

F.No.390/Misc./38/2016-JC (23/06/2016)

it is requested to put up the list of proposed withdrawals/withdrawn cases of CESTAT and High Court below the threshold limit on the respective websites of the Comissionerates under your charge and also inform the concerned assessees who are the respondents in all such cases....

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Reg. Service Charges payable to local civic bodies

F.No. 910/6/Service Charges/HRD/13 (23/06/2016)

The arrears if any accumulated on this account may be identified and be factored into the additional requirement to be sent to EMC DGHRD for incorporation in the requirement for RBE (2016-17) and BE (2017-18)....

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Reg. Withdrawal of appeals by Department before CESTAT/HC

Order No. F.No.390/Misc./163/2010-JC (22/06/2016)

After reviewing the reports of the zones, it is noticed that some of the zones have changed their zone's figures in respect of number of appeals identified for withdrawal before HC/CESTAT reducing the total number by around 400 Nos. The earlier reported figures were already taken up for presentation in the Chief Commissioners Conference....

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Major Take Aways from Annual Conference of Tax Administrators

The take-aways from the Conference on the CBEC side are:- 1. Need for preparation for roll-out of GST with focus on IT and increased capacity building through training of officers. 2. Need to focus on Dispute Resolution: Identify 20 topmost litigated issues and examine from policy perspective whether any intervention is required....

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Posted Under: Excise Duty |

CBI register case against Central Excise Inspector in DA Case

The Central Bureau of Investigation has registered a case against an Inspector working in Directorate General of Central Excise (Intelligence), Dehradun U/s 13(2) r/w 13(1)(e) of the Prevention of Corruption Act, 1988 for possession of alleged disproportionate assets to the tune of Rs. 54.55 lakh (approx)....

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Posted Under: Excise Duty |
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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