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
HC allows writ subject to payment of costs of Rs. 1,00,000
Disputed Cenvat Credit claim of Assessee cannot be denied by mechanically invoking 6% Rule
Period of limitation doesn’t apply to refund claim of amount reversed under protest
Appeal cannot be dismissed for mere withdrawal of SVLDRS Application
SAED on Diesel reduced to Rs. 9 per litre
SAED on production of Petroleum Crude increased to Rs. 10,200 per tonne
CESTAT Allows Refund of unutilized cenvat credit of EC. & SHEC on 30/06/2017
Principal manufacturer allowed to distribute cenvat of service tax to Contract Manufacturing Unit
Excise or service tax leviability on activity relating to construction of greenhouse needs fresh adjudication
CENVAT of input received within the same premises irrespective of number of excise registration is available
Penalty under rule 209A of Central Excise Rules leviable as role of co-noticee admitted
CESTAT upheld Section 11AC penalty on intentional short payment of duty
Remission of duty eligible on finished goods destroyed in fire incident
Cenvat credit cannot be denied for service tax payment as a recipient instead of as a service provider
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
