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
Mere Third parties’ records cannot be basis for clandestine removal
Pre-deposit refund cannot be denied for payment under excise Duty instead of Service Tax
Value of deemed export is to be included for computing (FOB) value of exports
In absence of Cross Examination, statements used against appellants has to be discarded
Cenvat Credit cannot be denied merely for Clerical/typographical error
Bagasse/Press Mud Generated during Sugar Manufacture not exempt from Excise Duty
Cenvat credit eligible even if input not arisen out of a process of manufacture
When sale is on FOR basis, place of removal will be buyer’s place
CENVAT Credit cannot be denied on removal of goods from the place of removal up to customers place
Cenvat credit admissible on ECIS services for modernization & renovation of existing factory
Section 11 can be invoked only when demand proposed to be adjusted reached finality
Central Excise Duty not exempt on ‘Module Mounting Structures’
Penalty not imposable when CESTAT already decided issue in favour of Appellant
Mere use of words ‘willfully suppressed’ not enough to validate show cause notice
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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
