Excise Duty
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CENVAT Credit on Commission Agents Services – Calcutta High Court
Assessee filed ST-3 return on or before 30.6.2019 and paid tax dues in full before filing application – SVLDR benefit eligible
CESTAT: Demand of duty of Rs. 163 Crore based on assumptions is not permissible
Special Additional Excise Duty (SAED) on Diesel reduced to Rs. 3.50 per litre
SAED on Petroleum Crude Production & Aviation Turbine Fuel export reduced
CBIC extends date for additional duty for unblended fuels
Cenvat credit available on service tax paid to commission agent
Cenvat Credit not admissible on insurance services pertaining to family members of employees
Penalty under Section 11AC of excise Act cannot be imposed mechanically
No compounded levy scheme on manually packed tin packing machine
Bench strength is determinative of binding nature of judgement: SC
No penalty under Rule 26 of Central Excise Rule if appellant not involved in clandestine production/removal
Excise Duty: Losses up to 1% allowed without detailed Scrutiny
CESTAT allows CENVAT credit on MS items used for fabricating & installing plant
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
