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
CESTAT allows exemption on molasses captively consumed to manufacture Rectified Spirit & DNA
Exemption benefit available to waste, gums, fatty acids arising during manufacture of vegetable oil
Refund not filed within 6 months from issue of notification no. 11/2017-CE (NT) rejected as time-barred
CESTAT Rules Denial of Interest on Cenvat Credit Refund After 3 Months Not Legal
Extended period not invocable as wrong assessment not pointed out during scrutinizing return
Excise Duty Refund Cannot Be Withheld by mere appeal filing Without Higher Court Stay
CENVAT Credit for Input Services used in Manufacturing & Sale of Final Products Cannot Be Denied
CBIC Reduces Excise Duty on Diesel Exports wef 30th September 2023
CBIC Amends Excise Duty on Petroleum Crude & ATF wef 30th September, 2023
CENVAT Credit on inputs used for fabrication of capital goods is eligible
CESTAT denies Area-Based Excise Duty Exemption due to Late production Commencement
Service of veterinary and technical and laboratory testing not taxable under Business Auxiliary Services
Recovery of CENVAT Credit against Input Service Distributor u/r 14 of CCR, 2004 unsustainable
Cenvat Credit available on construction service for renovation, modernization upgradation of existing plant
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
