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
Cenvat Credit eligible on product recall insurance policy expense
Refund of wrongly reversed CENVAT credit cannot be rejected solely on the ground of non-filing of under protest letter
CENVAT Credit eligible on Product Recall Policy expenses
Cenvat allowed on steel items used in fabrication of capital goods and their accessories inside manufacturing premises
Rajasthan HC quashes petitions seeking tax relief on the sale of liquor
CESTAT allows Cenvat credit for skill competition between dealers & employees
GST act contains provision for refund of CVD/SAD paid under erstwhile regime
Addition of two sheds to existing manufacturing cannot be seen as establishment of new industrial units
Application of Principal User Test is important to classify Relays under Railways Signaling Equipment
SVLDRS: Word ‘quantified’ includes duty liability admitted (in writing) by a person (during an enquiry or investigation)
Interest liable to be paid on belated excise duty refund
Sanctioned Refund cannot be considered as “erroneous”
No cenvat reversal for loss of inputs/packing material in fire
Cenvat credit Eligible on in-warranty maintenance services even after 1.4.2011
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
