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
CBIC constitutes Customs, Central Excise & Service Tax Settlement Commission
Writ maintainable as no alternate efficacious remedy available
CBEC Circular related to valuation of goods sold to independent and related parties is not violative of central excise laws
Medicament supplies to institutional buyers/ government hospital to be valued u/s 4 of Central Excise Act
Adjudication of liability by settlement commission after concluding that there is no true & fair disclosure of facts is unsustainable
Admissibility of credit can be questioned to Input Service Distributor and not receiver
Provisions of rule 6(3) of CCR doesn’t apply in case of by-products
No satisfactory explanation for long delay in adjudication is untenable
Freight not includible in transaction value as sale take place at factory gate
Rule 6 of CCR, 2004 doesn’t apply to waste produced during manufacturing process
Rejection of documents without verifying authenticity is against principle of natural justice
Rebate claim rejected as filed beyond period of limitation of one year
Cenvat credit of service tax paid on outward GTA service – CESTAT directs Commissioner (Appeals) to decide afresh
CBIC reduces Special Additional Excise Duty (SAED) on Diesel to Rs. 6.50 per
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
