Excise Duty Act, Rules Articles News Notification Circulars Instructions. Input Credit, Cenvat, Duty Rate, SSI Exemption, Excise on Jewellery,Excise on Garment
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Excise Duty : Explore the latest changes under Notification No. 18/2024-Central Excise by the Ministry of Finance, affecting excise duties effec...
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Excise Duty : Govt reduces Special Additional Excise Duty (Windfall Tax) on production of petroleum crude from Rs. 5200 per tonne to Rs. 3250 pe...
Lafarge India Pvt. Ltd. V. CCE (CESTAT Delhi) – Merely credit was taken by the assessee and not utilized and not taken any advantage of such credit, payment of interest is not sustainable. There is no allegation that the appellant utilized or taken any advantage of the credit and therefore recovery of interest is set aside.
The three major ad valorem rates of Central Excise duty viz. 14%, 12% and 8% applicable to non-petroleum products have been reduced by 4 percentage points each. The revised rates will be 10%, 8% and 4% respectively.
– In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods falling under the Chapter, heading, sub-heading or tariff item of the First Schedule to the Central Excise Tariff Act, 1985.
In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance.
The principal rules were notified vide notification No.23/2004-Central Excise(N.T.), dated the 10th September, 2004 and were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.600(E) of the same date and were last amended by notification No.35/2008-Central Excise(N.T.), dated the 24th September, 2008 that was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.677(E) of the same date.
In exercise of powers conferred under Section 37B of the Central Excise Act,1944, Central Board of Excise and Customs considers it necessary, for the purposes of uniformity with respect to levy of excise duty on items like bura, makhana, mishri, hardas and battasas (patashas), and for classification of such goods, to issue the following instructions.
The principal notification No. 3/2005-Central Excise, dated the 24th February, 2005 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 95(E) of the same date and was last amended vide notification No.29/2008-Central Excise, dated the 28th May, 2008 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 410(E) of the same date.
against serial number 78, in column (3), for the existing entry, “In the State of Tripura, Mizoram, Manipur, Nagaland (except the Districts of Mokokchung, Longleng, Mon, Tuensang) and Meghalaya (except the Districts of East, West and South Garo Hills) and the Districts of Nagaon, Silchar, Karimganj, Hailakandi, North Cachar Hills, Karbi Anglong and Golaghat in the State of Assam” shall be substituted.
I am directed to invite your attention to para VI of the Board’s Circular No. 834/11/2006-CX dated 05.10.2006 wherein the large taxpayers were requested to opt for e-payment of taxes. The Principal Chief Controller of Accounts, Central Board of Excise & Customs, has reported that e-payment of central excise and service tax has since stabilized.
Representations have been received from trade and industry seeking clarification on the issue whether proportionate credit should be reversed in cases where a manufacturer avails credit of the amount of duty paid by supplier as reflected in the excise invoice, but subsequently the supplier allows some trade discount or reduces the price,
