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
Declaration of proposed penalty under SVLDRS is valid declaration: Gujarat HC
Omission or Misinterpretation of Regulations Not Equivalent to Suppression of Facts for Extended Limitation
Central Excise Notification on Blended Aviation Fuel, October 2024
SC ruling on refund claim involving turnover discount and additional discount
Cash Discounts Deductible in determining Transaction Value of Excisable Goods: SC
CENVAT on transportation costs to buyer’s premises not admissible as costs not included in assessable value
Amendment to Fourth Schedule to Central Excise Act, 1944 Notified
CENVAT credit denial on input services for factory construction: CESTAT directs fresh order
Central Excise classification of propylene: CESTAT set aside demand & allowed appeal
No clubbing of clearance values of proprietor and Pvt Ltd. Company for excise duty determination
Interest Mandatory on Refundable Pre-Deposit of Appeal, Regardless of Claim
MOOWR Scheme: Unlocking Manufacturing Opportunities
Windfall tax on crude petroleum reduced to Rs. Nil per tonne wef 18.09.2024
Extended Demand Period unsustainable Without Tax Evasion Intent
Latest Excise Duty News
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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
