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
SVLDR Scheme: HC allows payment after 30.06.2020 (due date) as challan was expired
Exemption notification 25/2012-ST covers all construction activities other than construction of market sheds etc.
Rejection of input service credit distributed by ISD on pretext that invoice doesn’t contain all particulars unjustified
Issue on Merits not Opened in SCN: HC grants interim protection to Dhampur Sugar Mills
CESTAT allows transfer of cenvat credit balance to lessee unit
Without Suppression of Facts or Fraud Extended Period of Limitation cannot be invoked
Redemption fine covered under SVLDRS scheme: Bombay HC
In absence of discrepancy in Stock of Raw Material allegation of Irregular CENVAT Credit is invalid
Classification of Service cannot be disputed at the recipient End
Refund claim for unutilized balance in PLA not hit by limitation of section 11B of Excise Act
In limitation issue Appellate authority should decide the matter instead of remanding back
Manual plastic scrap segregation from rest of scrap not amounts to manufacture or production
Procedural lapse in Rule 7 of CCR, 2004 cannot be ground to deny substantial benefits of cenvat credit
Penalty u/s 25 of CER 2002 not imposable on mere statements without supportive evidences
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
