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
Pre-Deposit Appeal: Delhi High Court Dismisses Plea for Waiver
Interest not leviable when wrongly availed Cenvat credit is not utilized
Exclusion of Surplus Freight Charges from Assessable Value: No Excise Duty
Duty demand on quantity of oxygen used in manufacture of sulphuric acid unsustainable
Demand unsustained as CENVAT of common input service used in exempted goods reversed
CESTAT Orders Re-Adjudication for Service Tax Refund Claim Denial
Operational or administrative assistance or infrastructural support falls within Business Support Service
Absence of Fraud or Willful Misstatement Nullifies Penalty u/s 11AC
EOU clearing input to DTA after availing benefit of notification 52/2003-CUS has to pay duty by cash only
Certificate issued by Cost Accountants needs to be accepted by department unless held doubtful
CESTAT Overturns Dismissal due to Lack of Delivery Evidence
Unjustified Imposition of Penalty Under Rule 209A against person Maintaining Company Accounts
CENVAT lying in balance on conversion of EOU to DTA unit is transferable to DTA unit
Demand not sustained as difference between value of goods shown in ER-1 and balance sheet explained
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
