Excise Duty - Page 4

CBEC rescinds 40 Central Excise notifications wef 01.07.2017

Notification No. 9/2017-Central Excise (30/01/2017)

In exercise of the powers conferred by sub-section (2) of section 3, sub-section (1) of section 5A and sub-section(3) of section 3A of the Central Excise Act, 1944 (1 of 1944), sub-section (3) of section 3 of the Additional Duties of Excise(Goods of Special Importance) Act, 1957 (58 of 1957) and sub-section (3) of section 136 of the Finan...

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Handling of legacy work of LTUs in GST regime-reg

Circular No. 1056/05//2017-CX (29/06/2017)

GST would be implemented from 1st July, 2017. It is proposed to wind up Large Taxpayer Units (LTUs) in the new regime as the concept of state wise registration applies in GST. In this regard, reference has been received on the issue of handling of legacy work of the present LTUs in the GST regime....

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CBEC notifies applicability date of Notification No. 14/2017 CE (NT)

Notification No. 18/2017-Central Excise (N.T.) (19/06/2017)

Notifying the date by which the Notification No. 14/2017 CE (NT) dated the 9th June 2017 related to Delegation of powers for the purpose of assignment of adjudication of show cause notices shall come into force....

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CBEC notifies applicability date of Notification No. 13/2017 CE (NT)

Notification No. 17/2017-Central Excise (N.T.) (19/06/2017)

Notifying the date by which the Notification No.13/2017 CE (NT) dated the 9th June 2017 related to Territorial Jurisdiction of Principal Chief Commissioners/Chief Commissioners, Principal Commissioners/Commissioners, Commissioner (Appeals), Commissioner (Audit) shall come into force....

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CBEC notifies applicability date of Notification No. 12/2017 CE (NT)

Notification No. 16/2017-Central Excise (N.T.) (19/06/2017)

Notifying the date by which the Notification No.12/2017 CE (NT) dated the 9th June 2017 related to Appointment of Central Excise officers and vesting them with powers under Central Excise Act 1944 and under Chapter V of Finance Act 1994 shall come into force ...

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CENVAT Credit assignment of right to use any natural resource- Reg.

Notification No. 15/2017-Central Excise (N.T.) (12/06/2017)

Seeks to amend Cenvat Credit Rules,2004 to allow unavailed CENVAT Credit in respect of services provided by the Government, local authority or any other person by way of assignment of the right to use of any natural resource. - 15/2017 - Dated 12-6-2017 - Central Excise - Non Tariff....

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Excise Dept To Refund Excessive Fine Imposed 19 Years Ago

B.N. Sanas Company Private Limited Vs The Collector of Pune, State Excise Deparment (Bombay High Court)

The matter is called out for final hearing as the matter is specifically listed for final hearing in summer vacation. Heard the learned counsel for the Petitioner and the learned Government Pleader for the State. 2. The Petitioner which is a private limited company holding FL II license and carrying on business of selling liquor […...

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Delegation of powers for assignment of adjudication of SCNs

Notification No. 14/2017-Central Excise (N.T.) (09/06/2017)

In exercise of the powers conferred by section 37A of the Central Excise Act, 1944 (1 of 1944) read with section 83 of the Finance Act, 1994 ( 32 of 1994) and in supercession of the notifications of the Government of India in the Ministry of Finance, Department of Revenue, Central Board of Excise and Customs vide numbers 11/2007-Central E...

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Notification No. 13/2017-Central Excise ( N.T ) dated 09.06.2017

Notification No. 13/2017-Central Excise (N.T.) (09/06/2017)

Territorial Jurisdiction of Principal Chief Commissioners/Chief Commissioners, Principal Commissioners/Commissioners, Commissioner (Appeals), Commissioner (Audit)...

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Notification No. 12/2017-Central Excise (N.T) dated 09.06.2017

Notification No. 12/20I7-Central Excise (N.T) (09/06/2017)

Appointment of Central Excise officers and vesting them with powers under Central Excise Act 1944 and under Chapter V of Finance Act 1994...

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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