2 Excise Duty Articles, News, Notification and Circular

Excise Duty - Page 30

CESTAT explains Section 11BB provisions related to Interest on delayed refunds

Bhilosa Industries Pvt. Ltd. Vs C.C.E. & S.T. (CESTAT Ahmedabad)

Bhilosa Industries Pvt. Ltd. Vs C.C.E. & S.T. (CESTAT Ahmedabad) We find that the limited issue involved is that from which date the appellant is entitled for interest on the sanctioned refund. As per the facts of the present case, we find that there is no dispute about the fact that the refund claim had […]...

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CESTAT upheld penalty for issue of Invoices without Movement of Goods

Steel & Metals Co Vs C.C.E. & S.T. (CESTAT Ahmedabad)

Steel & Metals Co Vs C.C.E. & S.T. (CESTAT Ahmedabad) As far as Appellant M/s Steel & Metal is concerned, I find that the said trading firm have played a crucial role in the commission of the offence by M/s G.K. Founders. Appellant were concerned with such cenvatable invoices wherein they shown the clearance of […]...

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Criminal Proceedings cannot be quashed merely for Stay by CESTAT: SC

Additional Commissioner of Central Excise (Legal) Vs Kavveri Telecom Products Limited (Supreme Court)

High Court was incorrect and wrong in quashing the criminal prosecution only on the ground that the tribunal has granted stay, subject to condition of pre-deposit, of the recovery of the tax and the penalty amount....

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Smuggling of liquor in BIhar: HC grants Bail to driver of truck

Rahul Yadav Vs State of Bihar (Patna High Court)

Rahul Yadav Vs State of Bihar (Patna High Court) Considering the fact that petitioner has pleaded his innocence and has made a specific prayer that he has no concern with the illicit liquor, he was directed to deliver certain GST goods to the respective consignee located in the District of Muzaffarpur, the petitioners, above named, [&hell...

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No penalty under Rule 26 of Central Excise Rules, 2002 if goods were supplied with invoice

Atul Madhavji Parekh Vs C.C.E. & S.T. (CESTAT Ahmedabad)

Atul Madhavji Parekh Vs C.C.E. & S.T. (CESTAT Ahmedabad) Issue- In this case Learned Commissioner (Appeals) upheld the penalty imposed by the Adjudicating Authority under Rule 26 of Central Excise Rules, 2002 for the charge of Abetment in passing of fraudulent Cenvat Credit without supply of goods by M/s Shah Foils Ltd., to M/s Blupla...

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Cenvat credit cannot be denied merely for availment on photo copies of invoices

DKNV Engineering Pvt Ltd Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad)

DKNV Engineering Pvt Ltd Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad) CESTAT held that it is settled that availment of credit on the strength of photo copies of the invoices is just a procedural lapse and cannot be made the basis to disallow the credit. For this reason, in the absence of any […]...

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Customs: Section 61(1) not provide for use of goods in manufacture

Lonsen Kiri Chemical Industries Limited Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad)

Lonsen Kiri Chemical Industries Limited Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad) In the present case, the assessee being 100% EOU, imported goods exempted under Notification No. 50/2003-Cus. There is no dispute about the intention of the said goods to be used in the manufacture of final product in the 100% EOU unit [&...

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Excise duty not payable on TCS collected from buyer of scrap

Yashraj Containeurs Ltd Vs C.C.E. & S.T. (CESTAT Ahmedabad)

Yashraj Containeurs Ltd Vs C.C.E. & S.T. (CESTAT Ahmedabad) Revenue sought to include the TCS collected by the appellant from the buyer of scrap in the assessable value for charging Excise Duty. The said TCS is collected and deposited to the income tax department in terms of Section 206C of Income Tax Act, 1961. From […]...

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No Recovery from sanctioned refund when Assessee already paid pre-deposit of 7.5% or 10%

Bayer Vapi Pvt Ltd Vs C.C.E. & S.T. (CESTAT Ahmedabad)

Bayer Vapi Pvt Ltd Vs C.C.E. & S.T. (CESTAT Ahmedabad) CESTAT find that the sanctioning authority appropriated the demand of Rs.4,50,572/-from the sanctioned rebate claim, the said appropriated amount is towards penalty and interest in a demand case whereas, the appellant had deposited the entire duty amount. When the appropriation wa...

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CESTAT allows refund of CVD & SAD paid during GST regime for import made pre June 2017

ITCO Industries Ltd. Vs The Commissioner of GST & Central Excise (CESTAT Chennai)

ITCO Industries Ltd. Vs The Commissioner of GST & Central Excise (CESTAT Chennai) Brief facts of the case are that the appellants obtained two advance authorizations dated 29.06.2016 & 05.01.2017 issued by the Additional Directorate General of Foreign Trade, Bengaluru. Against such advance authorizations, the appellant imported ra...

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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