Excise Duty
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Cash Refund of Post-GST CVD & SAD Allowed: CESTAT Mumbai
Rule 6 Demand on Electricity from Waste Coke Oven Gas Set Aside: CESTAT Kolkata
Potato Waste Not Potato Starch, Excise Demand Quashed: CESTAT Chandigarh
CESTAT Quashes Rule 6 Demand on Zinc Ash Following Mahesh Chemicals Ruling
CESTAT Quashes Rule 6 Demand on Zinc Ash After CBIC Circular Withdrawal
Manufacturer Can Claim CENVAT Credit if Contractor Doesn’t Avail Abatement: CESTAT Chandigarh
Pay Slip Can Qualify as Consignment Note for GTA Service Tax: Karnataka HC
Boiler Feed Pumps Handling Water Eligible for Excise Concession: CESTAT Mumbai
Statutory Interest Under Section 11BB Allowed From Refund Application Date: SC
CESTAT Allows CENVAT Credit on Plant & Machinery Embedded to Earth & Factory Set-Up Services
Earlier 7.5% Pre-Deposit Counts Towards 10% CESTAT Appeal Requirement: Uttarakhand HC
Jio Wins CENVAT Credit Dispute as Revenue Withdraws Appeal After SC Ruling: Bombay HC
CENVAT Credit Allowed on Furnace Oil Used for Exempt Intermediate Goods: Madras HC
Joint Liquor Shop Licence for Brothers Upheld Despite Family Dispute: Calcutta HC
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
