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
No duty escapement in clearance of good by Job worker at value fixed by TISCO
Blind belief cannot be a substitute for bona fide belief
Liability to pay excise duty was on job-worker for Unloading Chemicals from tankers, repacking & labelling In Small Drums
Bank Guarantee Encashment before appeal filing period expiry is unjustified
Special Additional Excise Duty rate on Petroleum Crude production & Aviation Turbine export
Special Additional Excise Duty on Diesel increased to Rs. 6 per litre
Allegation of clandestine removal without corroborative evidence is unsustainable
Burden of proof lies on revenue for classifying goods under different heading
Cenvat credit available on service tax paid on modernization/renovation/repairs of factory
No Limitation on Refund of Personal Ledger Accounts (PLA) deposit
Input arisen out of manufacture process or not is irrelevant for claiming Cenvat Credit
Excise duty cannot be demanded for clandestine removal based on third party evidence
Cenvat Credit not eligible on Sales commission: CESTAT Bangalore
Excise not payable on freight paid towards transportation of goods from place of removal to buyer’s premises
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
