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
SVLDRS Discharge certificate cannot be withheld for transition of disputed credits to GST
Beneficial circular cannot be retrospectively withdrawn
Refund allowed of Unutilized Education Cess, which couldn’t be transitioned into GST
HC cannot decide matter of excise duty rate & needs to be filed before SC
Amount deposited in PLA account not become duty or tax unless appropriated
HC allows rebate on exports where fraudulent entry in Credit was regularized by subsequent payment
Refund of Excess custom duty paid cannot be withheld on the ground of limitation
Activity of filling gas received through pipeline into cylinders by compression not amounts to manufacture
Procedural irregularity in ISD distribution is revenue neutral & will not effect substantive right of appellant
CENVAT Credit cannot be denied on the ground that supplier was not liable to pay duty on goods supplied
No NCCD leviable on hydrocarbons for not being marketable
Taxes levied on petrol and diesel in India
Company entitled to refund of Cenvat credit lying in Cenvat credit account on closure of business
HC’s judgment to prevail over CBIC Circular in case of contrary views
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
