Excise Duty - Page 400

Circular No. 98/9/95-CX Dated 20/2/1995

Circular No. 98/9/95-CX (20/02/1995)

Circular No. 98/9/95-CX I am directed to say that a number of complaints have been received from the trade circle to the effect that delay in clearance of AR4s. (under VBAL/QBAL) by the Central Excise officers, is adversely affecting the exports....

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“Tajima” brand Embroidery Machine- whether verticle type or not

Circular No. 97/8/95-CX (13/02/1995)

Circular No. 97/8/95-CX I am directed to refer to Board"s Circular No. 42/ 42/ 94-CX. (F. No. 58/1/93-CX.I) dated 7.6.94 on the subject noted above and to say that since "second para" of the said circular is not factually correct and is also not relevant to the issue discussed the same may be omitted from the said circular....

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Circular No. 96/7/95-CX Dated 13/2/1995

Circular No. 96/7/95-CX (13/02/1995)

Circular No. 96/7/95-CX Rule 57G of Central Excise Rules deals with the accounting procedure for the persons issuing invoices under Rule 57G. It is necessary that transactions relating to goods invoices under Rule 57G. It is necessary that transactions relating to goods on which Modvat Credit is to be availed of are smoothly carried out...

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Instructions relating to issuance of invoice (s) under Rule 57G of Central Excise Rules

Circular No. 96/7/95-CX (13/02/1995)

Instructions relating to issuance of invoice (s) under Rule 57G of Central Excise Rules-Rule 57G of Central Excise Rules deals with the accounting procedure for the persons issuing invoices under Rule 57G. It is necessary that transactions relating to goods invoices under Rule 57G. It is necessary that transactions relating to goods on wh...

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Circular No. 95/6/95-CX Dated 9/2/1995

Circular No. 95/6/95-CX (09/02/1995)

Circular No. 95/6/95- CX I am directed to refer to Board"s Circular No. 2/92-CX.1 (F.No. 54/9.92-CX.1) dated 31.12.92 wherein it was clarified that the Board"s Section 37-B order No. 8/92/ dated 24.9.92 cannot change the status of the past closed assessments. But, wherever cases are pending decision...

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Circular No. 94/5/95-CX Dated 23/1/1995

Circular No. 94/5/95-CX (23/01/1995)

Circular No. 94/5/95-CX Certain doubts have been expressed as to whether manufacture of cast iron powder out of cast iron granules (72.05)/ cast iron turnings & borings (72.04) amounts to manufacture for the purpose of Section 2(f) of the Central Excise & Salt Act, 1944....

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Circular No. 93/4/95-CX Dated 18/1/1995

Circular No. 93/4/95-CX (18/01/1995)

Circular No. 93/4/95-CX Attention is invited to Board"s Circular No. 11/91-CX. 6 dt. 3.7.91 relating to levy of additional excise duty under Finance Act, 1985 on TV sets. It was clarified in this Circular that Rule 13 does not permit export of goods without payment of duty leviable under the Finance Act, 1985 and in the absence of a spec...

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Circular No. 92/3/95-CX Dated 17/1/1995

Circular No. 92/3/95-CX (17/01/1995)

Circular No. 92/3/95-CX Representations have been received about the application of Notification No. 162/ 86-CE, (Sl. No.5), as amended, to three wheeled auto rickshaws meant for transport of goods. three wheeled auto rickshaws under for transport of goods are also known as...

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Circular No. 91/2/95-CX Dated 13/1/1995

Circular No. 91/2/95-CX (13/01/1995)

Circular No. 91/2/95-CX Doubts have been expressed as to whether Garnetting/ carding processes carried on waste of filaments/ waste of staple fibres amounts to manufacture within the ambit of Section 2(f) of the Central Excises and Salt Act, 1944 and whether central excise duty will be attracted at more than one stage...

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Notification No. 2/95-Central Excise ; Dated : 04.01.1995

Notification No. 02/1995-Central Excise (04/01/1995)

being cleared for home consumption, other than scrap, waste or remnants are similar to the goods which are exported or expected to be exported from the units during specified period of such clearances in terms of Export and Import Policy...

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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