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
CENVAT Credit eligible on inputs used for manufacture of final products that are destroyed during testing
Benefit of notification 2/2008-CE and 4/2006-CE available to 100% EOU for clearance in DTA
Rule 3(5B) of Cenvat Credit Rules Inapplicable Without Revenue Evidence of Goods Non-Usage
Tax Claims Extinguish Upon NCLT Approval of Resolution Plan: CESTAT
CENVAT Credit Reversal for Polyester Spun Yarn Manufacturer under Rule 6(3)(i)
Duty demand invoking rule 8 of CVR, 2000 without any reasonable justification unsustainable
5% Payment Option Not Automatic for Credit Reversal under Rule 6 of Cenvat Credit Rules
CBIC Reduces Excise Duty on Diesel Exports wef 1st Nov 2023
CBIC raises SAED on Petroleum Crude & on ATF Exports wef 01.11.2023
To Extend Limitation Period, Proving Intent to Evade Duty is Essential
Excise Duty is leviable on Coal Clearances from Sister Concern Units
No SSI exemption available if brand name not registered in the name of assessee
Benefit of notification 4/2006-CE available on clearance of Spent Sulphuric Acid
Post-clearance compliance of stipulations precludes denial of entitlement which is otherwise available
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
