Excise Duty
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GST- Faulty Initiation Renders Subsequent Proceedings Invalid: Allahabad HC
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CBIC Reduces Excise Duty on Diesel Exports wef 19th Dec 2023
CBIC reduces SAED on Petroleum Crude & raises on ATF Exports wef 19.12.2023
SAMAY User Manual for Chief Commissioner/Commissioner/ADG/DG
CBIC Launches SAMAY: Revolutionizing Timelines in Legal Adherence
CESTAT cannot restore appeals if taxpayer not complies with deposit orders
CENVAT Credit Disallowance: CESTAT Mumbai Directs Re-adjudication
CENVAT allows Cenvat credit to General Motors on various services
Order non-quantifying interest payable & not giving option to pay reduced Excise penalty is bad
Excise duty demand cannot be upheld merely based on entries in private registers
Vehicle used for conveyance of contraband articles released on furnishing of bank guarantee
Duty demand on leftover liquor stock sustained as duty evaded behind cloak of different companies
Section 14 of IBC does not create a bar for finalisation of Tax assessment & adjudication proceedings
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
