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
Top gas is refuse and cannot be held to be manufactured goods
No excise duty on Spent earth arising in oil refining, bleaching process
Payment of 10% of value of exempted goods not enforceable after proportionate reversal of Cenvat Credit
Cenvat Credit Allowed for SMS Plant Installation Under ‘Modernization, Renovation or Repair’
CESTAT Quashes SCN for Lack of Suppression or Misstatement Allegations
Value of Tools and Dies Includable in Assessable Value of Excisable Goods
Demand of 10%/5% on exempted goods unsustainable as proportionate reversal already made
Incidence of Duty Borne by Appellant, Unjust to Credit Refund to Consumer Welfare Fund: CESTAT
Chlorinated Paraffin Wax (liquid form) classifiable under Sub Heading 3824 90 & CBIC clarification has a retrospective effect
CENVAT Credit Denial Based on Delayed or non-Registration of ISD is Unlawful
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
