Excise Duty
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Budget 2010-11: Major Amendment in Central Excise Duty
Rebate under Rule-18 on export made during 8.12.2006 to 17.9.2007
Soon new costing norms for service tax and excise duty likely
FM's Speech at Central Excise Day Celebrations
Mandatory electronic payment and filing of return for Central Excise Assessees
Reg. valuation of free sample of products under MRP based assessment
CBEC directed staff to take Revenue maximization measures and speed up recovery
CVC advised imposition of major penalty against 66 Government Employees including six officials from Central Board of Excise and Custom
Excise circular on Beedi cess payable under the provisions of Section 3 of Beedi Workmen Welfare Cess Act
Cement industry urged Centre to abolish import duty on raw materials used in production of cement
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
