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 Exemption Granted: Certificates & Precedents Uphold Appellants’ Claim
Input Services for Clearance of Final Products upto Place of Removal are Eligible for CENVAT Credit
Supplier of chassis to body-builder who receives body-built vehicle is not manufacturer of body-built vehicle
Notification 01/10-CE Benefits eligible for production from Capacity Expansion After 06.02.2010
Kerala HC Permits Service Tax Appeal with Mandatory Deposit payment
Reversal under rule 6(3) of CCR, 2004 doesn’t apply when CENVAT attributable to non-excisable goods not availed
Cenvat Credit Not Reversible on ‘Gelatin Mass Waste’ from Manufacturing
CENVAT admissible: Manufacturing Includes Blackening, Buffing, Inspection, Packing, etc.
Business Use of Travel Agency and Broadband Services Qualifies for CENVAT
Separate Invoicing for Tubes and Flaps Doesn’t Affect Cenvat Credit
Benefit of Notification 108/95-CE cannot be denied if no evidence of removal of goods before project completion
CENVAT Credit in respect of effluent treatment activity allowable
CENVAT Credit on ISD invoice issued without obtaining ISD registration available
No Provision to Reverse Capital Goods Cenvat Credit for Damage, Wear & Tear
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
