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
Confirmation of duty demand unjustified in absence of any loss of revenue
Charge of clandestine removal cannot be imputed without independent investigation
Department Cannot Disregard Technical Opinion at Its Discretion: CESTAT
Cenvat Credit Eligibility Cannot Be Challenged During Refund Claim if Not Questioned During Availment and Utilization
Piecemeal Adjudication Not Permissible as it raise Possibility of Multiple SCNs for Same Period/Goods
Appeal Filing Alone Doesn’t Justify Withholding Excise Duty Refund: CESTAT
Entire Demand Is Unlawful: Order Went Beyond Show Cause Notice
Demand alleging non-production of documents unsustainable as records taken away by DRI
Appeal dismissed for non-prosecution due to repeated adjournments
Interest not leviable in case of revenue neutral situation
Benefit of exemption notification 06/2006-CE and 12/2012-CE available as all conditions fulfilled
Demand of 5%/6%/10% on value of exempted clearances unwarranted as proportionate credit reversed
Refunds Based on Legal Interpretations Should be Exempt from Recovery due to Subsequent Legal Changes
Rule 6 of CCR Not Applicable as Nil duty rate on Honey not makes it exempt
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
