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
Removal of scrap generated during manufacture without payment of duty for job work justified
Excise Duty: Penalty unwarranted as amount paid before issuance of notice
Cenvat credit admissible to transferee on account of change of ownership
Duty demand not sustained as statutory records duly reflects receipts and consumption of goods
Denial of CENVAT Credit on supplementary invoices prior to 01.04.2011 unjustified
Amendments to Central Excise Act’s territorial jurisdictions in Andhra Pradesh
One appeal against order-in-original bearing two numbers before Commissioner (A) is valid
Govt increases SAED on export of Diesel wef 02nd September, 2023
Changes in SAED rates on petroleum crude & ATF exports wef 02.09.2023
Physician samples assessable under Section 4(1) a) of Central Excise Act, 1944
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
