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
Clandestine Removal Requires Corroborative Evidence: CESTAT Reduces Penalty
Accumulated Cenvat Credit refund valid for goods exported without a bond
Once Tribunal granted refund, lower authorities cannot challenge it unless stayed or set aside by a higher forum
Voluntary statement admissible as evidence if not retracted in a timely or credible manner
Delhi HC Upheld Restitution Principle: Denies Refund of Pre-Deposit Amount
Misdeclaration of Goods Triggers Extended Limitation: CESTAT Bangalore
Kerala HC Directs Excise Commissioner to Address Representation Regarding Liquor Outlet Near Forest
CENVAT Credit Allowed for Fabricating Capital Goods Used in Final Product Manufacturing
Service Value Appeals Under Central Excise Act Go to SC, Not High Court
Incomplete & Inconsistent Test Reports: CESTAT remands case for fresh determination
Inordinate delay in adjudication of a show cause notice is fatal to its validity
Labelling & Re-Labelling of Containers is ‘Manufacture’ for CENVAT Credit: SC
Freight & Insurance Charges not includible in Assessable Value of Goods sold Ex-factory
Issuance of second SCN without adjudicating first is jurisdictionally void: CESTAT Mumbai
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
