Excise Duty - Page 30

Mandatory Pre-deposit before filing Appeals in Central Excise/Customs/Service Tax cases

In this E-book, attempts have been made to explain the provisions relating to mandatory pre-deposit for filing of appeals in Central Excise/ Customs/ Service Tax before different appellate forums. It is expected that it will help departmental officers in their day to day work....

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Posted Under: Excise Duty |

Notification No. 35/2016-Central Excise Dated: 28.11.2016

Notification No. 35/2016-Central Excise (28/11/2016)

Seeks to exempt Point of Sale (POS) devices and goods required for its manufacture from central excise duty till 31st March, 2017...

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Krishi Kalyan Cess to finance & promote initiatives to improve agriculture

Government has levied a new Cess to be called as Krishi Kalyan Cess (KKC) with effect from 1.6.2016. The purpose of imposition of this cess is to finance & promote initiatives to improve agriculture or for any other purpose relating thereto....

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Posted Under: Excise Duty |

Infrastructure Cess (IC) on Motor cars & other motor vehicle

The Union Government in the Finance Bill, 2016 imposed a new Cess as a duty of excise to be called “Infrastructure Cess”. The Infrastructure Cess has been levied on certain goods specified in the Eleventh Schedule of the Finance Act, 2...

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Posted Under: Excise Duty |

Monetary Limits to File Appeal in Tribunal/ High Court & supreme Court in Indrirect Tax Cases

Article explains revised Monetary Limits for Filing Appeal in the Tribunal/ High Courts and the Supreme Court in Customs, Central Excise and Service Tax....

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Posted Under: Excise Duty |

Taxability of Jewellery Industry Post Budget 2016-17

Central Excise duty on Jewellery though introduced initially for branded Jewellery and later extended to all Jewellery was subsequently withdrawn due to pressure from the industry....

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Posted Under: Excise Duty |

Indirect Tax Collections up to October, 2016 shows increase of 26.7%

Indirect tax collections (Central Excise, Service Tax and Customs) up to October 2016 show that net revenue collections are at Rs 4.85 lakh crore which is 26.7% more than the net collections for the corresponding period last year. ...

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Posted Under: Excise Duty |

Annual Return Form for Central Excise & Service Tax-reg.

Circular No. 1050/38/2016-CX (08/11/2016)

Rule 7 of the Service Tax Rules, 1994 was amended to prescribe an annual return. In terms of Rule 12 of Central Excise Rules, 2002 and Rule 7 of the Service Tax Rules, 1994, the format of the Annual Return, which was required to be filed by 30th day of November, was to be specified by the Board by notification....

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Concept of Revision Application in Indirect Taxes

Revision Application Unit of the Department of Revenue, Ministry of Finance, Government of India deals with the Revision Applications filed before Central Government in specified Customs and Central Excise matters under section 35 EE of Central Excise Act, 1944 and section 129 DD of Customs Act, 1962...

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Posted Under: Excise Duty |

Classes, Appointment of officers of Customs & Central Excise

It is essential that officers working in various wings of Customs, Excise and Service tax department remain aware of legal provisions relating to their appointment, powers and functions under three main tax laws dealing with in-direct taxes, namely, Customs Act, 1962; Central Excise Act, 1944 and the Finance Act, 1994....

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Posted Under: Excise Duty |

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