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
₹3.41 Crore Central Excise Demand Against Cipla Set Aside as Time-Barred: CESTAT Kolkata
Kitting of Imported Modules Is Not Manufacture; No Excise Duty Leviable: SC
Duty Paid Through Supplementary Invoices Must Be Treated as Pre-Deposit: CESTAT Kolkata
Government Explains ₹10 Per Litre Excise Duty Cut on Petrol and Diesel
Abbreviations Used in GST, Customs, Central Excise, and Service Tax
CESTAT Kolkata Deletes ₹13.63 Lakh Excise Demand on Captively Used Factory Equipment
Section 125 Does Not Exclude Redemption Fine from SVLDR Scheme: Rajasthan HC
CESTAT Allows Appeal Against Differential Excise Duty on Re-Determined RSP
CESTAT Mumbai Allows CENVAT Credit on Employee-Related Services Used for Business
CESTAT Allows CENVAT Credit on Canteen, Construction & Employee Accommodation Services
CESTAT Allows CENVAT Credit on Factory Construction, Canteen, Insurance & Air Travel Services
CESTAT Allows Customs & Excise Duty Exemption to EOU on Inputs Used for Mobile Parts
CESTAT Quashes Excise Demand, Says Stock Shortage Alone Can’t Prove Clandestine Removal
Exact Statutory Phraseology Not Required in SCN for Extended Limitation: Madras HC
Latest Excise Duty News
Find out all the latest news on Excise Duty here at Taxguru.in. Read all the relevant excise duty notifications and excise duty articles only with Taxguru.
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
