Excise Duty
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Order cannot transcend scope of show cause notice: CESTAT Ahmedabad
Dept. Cannot Retain Deposited Amount Under Protest: CESTAT Allahabad
IEC CODE: Way to Start International Trade
SAED on production of Petroleum Crude reduced to Rs. 1700 per tonne wef 16.01.2024
No Penalty for Unrecorded Finished Goods in Factory without Evidence of Clandestine Removal
CESTAT upholds duty drawback on bulk tea exports which was procured from Manufacturers
Denial of budgetary support scheme to industrial units not required to register under Central Excise unjustified
Clandestine removal allegation based on certain statements untenable as cross-examination denied
Service Tax refund on transportation charges cannot be denied for non-production of lorry receipts
Clean Energy Cess on coal closing stock as of June 30, 2017, not leviable post-GST
P&H HC Grants Bail to Retd Joint Commissioner in alleged Excise Fraud Case
Excise duty refund cannot be adjusted against demand without providing an opportunity to appellant
CBIC Reduces Excise Duty on Diesel Exports to Nil wef 02.01.2024
SAED on Petroleum Crude & ATF Exports wef 02.01.2024
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
