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
Changes in Excise Duty vide Budget 2022- Detailed Analysis
Budget 2022: Exhaustive analysis of changes in GST, excise & custom duty
‘Health And Education Cess’ Not Allowed as Business Expenditure
Plant and machinery attached to earth after fabrication are covered in definition of Capital Goods & eligible for CENVAT
CBIC supersedes notification No. 49/2008-Central Excise (N.T.) to align with GST law
Govt increases Basic Excise Duty on Unblended Petrol and Diesel
Cenvat credit cannot be denied on credit attributed to wastage arising during the course of manufacture
Service tax paid on re-insurance allowable as input service under CENVAT Credit Rules
Appellant entitled to refund of CENVAT credit held to be admissible which was earlier reversed at the instance of Dept.
Cenvat Credit Refund claim cannot be denied solely on Technical Reasons
Deficiencies in investigation or in first SCN cannot be made good in second SCN
Constitution of Committees to advise the authority for writing off of arrears of Excise Duty, Service Tax and Customs Duty
CBIC Master Circular on Recovery and Write-off of Arrears of Revenue
Balance credit not lapses in terms of Rule 11(3) of Cenvat Credit Rules, 2004 despite availment of benefit of Notification No 30/2004-CE
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
