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
Excise Duty payable on Free Physician Samples Based on Transaction Value
Duty on clandestine clearance unsustainable in absence of tangible evidence establishing appellant as manufacturer
CENVAT Credit cannot be denied on Presumptions of Non-Receipt of Capital Goods
Suo moto re-credit allowed as cenvat on outward transportation decided in favour of appellant
Recovery proceedings u/r. 14 of CCR, 2004 unsustainable in premature availment of cenvat of capital goods
Cenvat Credit admissible on services related to pollution control of factory
CENVAT Credit on outward transportation from place of removal admissible till 31.03.2008
Penalty u/r 26 of CER, 2002 leviable as involvement in clandestine manufacture and clearance established
No excise duty u/s 11A for allegation of illicit clearing in absence of sufficient evidence relating to inflow of cash
Excise Duty demand of approx. 24 Crores was quashed on amount recovered as Liquidated Damages due to non-violation of Rule 6
Penalty under Rule 26 for Clandestine Removal justified if sufficient evidences exist
Zarda/jarda scented tobacco not being specified under MRP based assessment had to be assessed u/s 4 of CE Act
No Unjust Enrichment if Excise Duty Not Collected from Customers: CESTAT
Refund Claim Cannot Be Denied for failure to justify inability to utilize Cenvat credit
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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
