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
Exemption benefit based on exemption certificate available to parts of helicopters
CESTAT grants exemption to Sun Pharmaceuticals on ‘Danazol’ from excise duty
CESTAT Upholds Penalty on Excise Duty Evasion for ‘Chhakkdo Rickshaw’
Utilisation of CENVAT Credit of Excise duty of Defaulted period without any wilful avoidance: CESTAT Quashes penalty u/s 11AC of Central Excise Act
CESTAT Quashes non-Speaking Excise Duty Demand Order
CENVAT Credit eligible on Correct Excise Duty Payment on Rotogravure Printing Cylinders
Excise Duty/Interest/Penalty Demands Not Sustainable for Mere Wrong Mention of Registration in Payment
CENVAT Credit Eligibility Tied to Law at Service Receipt Time: CESTAT
CESTAT allows Transfer of Accumulated CENVAT Credit from EOU to DTA Unit Post EOU Status Exit
Penalty under Rule 25 & Section 11AC Unsustainable Without Suppression of Facts
Penalty cannot be imposed on EOUs for failure to achieve positive NFE
CENVAT Credit Allowed for Management Consultancy Services under Rule 6(5) of CCR
No Excise Duty on Exempted Steam with Reversed CENVAT Credit
SSI Exemption for Submersible Pumps Meeting BIS Standards: CESTAT Ahmedabad
Latest Excise Duty News
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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
