Excise Duty
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CE-Crediting of excess excise duty on levy sugar realised by Collectors of Central Excise to levy sugar price Equalisation Fund
Circular No. 17/17/94-CX-6 Dated 6/2/1994
Appointment of common adjudication authority – forwarding of Order No. 1A/94-CX-6 dated 3rd February, 1994
Central Excise – Determination of thickness of Laminated Safety Glass – Doubts regarding
Circular No. 12/12/94-CX Dated 3/2/1994
Circular No. 11/11/94-CX Dated 2/2/1994
Levy of AED under Finance Act, 1985 on TV sets under Rule 13 of Central Excise Rules- Regarding
Circular No. 8/8/94-CX dated 31/1/94
Celebration of 24th February we celebrate “Excise Day”
Central Excise – Tungston Halogen Bulbs – Applicability of Notification No. 67/83-CE dated 01.03.1983 – Clarification -regarding …..
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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
