Excise Duty
Log in to FollowExcise Duty Act, Rules Articles News Notification Circulars Instructions. Input Credit, Cenvat, Duty Rate, SSI Exemption, Excise on Jewellery,Excise on Garment
Gujarat HC Upheld CENVAT Credit for Rail Line Equipment
CENVAT Credit Eligibility: Steel used in Fabrication of plant and machinery
SAED on Petroleum Crude Production Reduced to ₹8,400 per Tonne from May 01, 2024
HC Cannot Waive Pre-Deposit Condition in Extraordinary Writ Jurisdiction
Challenging Excise Department’s Notice for Public Limited Company’s Change in Management via Director Rotation in West Bengal
Fire Bricks Dismantled from Kiln’s Under Shell Not Subject to Duty as Waste or Scrap
CENVAT Credit Allowed for Inputs Transferred Free to Sister Unit for Electricity Production
SAED on Petroleum Crude Production increased to ₹9600 per Tonne from April 16, 2024
Madras HC Directs Stay on Interest Liability in Eicher Motors vs. Asst. Commissioner Case
FIR cannot be registered solely on the basis of panchanama: Karnataka HC
Freight & Insurance Excluded from Assessable Value for Excise Duty: Cestat Ahmedabad
Printing Activity is not ‘Manufacturing’: Excise Duty demand not sustainable
Without Intent to Evade Tax extended period of limitation cannot be invoked
SAED on Petroleum Crude Production Increased to Rs. 6800 per Tonne wef 04.04.2024
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
