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
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
Biozyme sold in liquid form classifiable under chapter 310510099
12% Interest payable on excise duty deposited under protest during investigation
Output services provide can utlise cenvat credit for payment of service tax on output services
CENVAT Credit on GTA Services | Place of Removal | Bata India | CESTAT Remanded Issue back to AO
Fraudulent availment of Cenvat Credit: CESTAT reduces penalty
Cenvat Credit eligible on construction services for setting up of Effluent Treatment Plant in existing running factory
Service Tax Refund cannot be denied merely for non-filing of TRAN-1 before 27.12.2017
Limitation period cannot be invoked on the issue of interpretation
Excise Refund claim made on or before 01.07.2017 will be dealt under excise law: CESTAT Chandigarh
Cenvat Credit not eligible on transportation of employees
Extended period of limitation cannot be invoked for recovery of excise duty
Cenvat credit cannot be reversed for theoretical variance in Inputs
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
