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
Demand of cenvat credit by way of reversal not justified for mere provision in books
Quashed Central Excise order passed without providing opportunity of personal hearing
SVLDRS 2019: HC directs Designated Committee to follow section 127 procedure
No confiscation of finished goods under excise in absence of finding of attempted Clandestine Removal
Pendency of similar matters not a ground to against Negligence in filing appeal
Relevant date for Refund of duty under section 11B of Central Excise Act
Reviving of case after 18 years of issuance of SCN unjustified
Reg. Excise exemption on Ethanol/Methanol blended Petrol, & High-speed diesel
No excise under ‘deemed’ manufacture on ‘baby diapers’ or ‘sanitary napkins’
Benefit of abatement can’t be withheld on failure on part of Superintendent to make proper recordings
Procedural delay in credit reversal not disentitles assessee from claiming refund
Cenvat credit eligible on service tax of commissions paid to commission agents
No Cenvat Credit on Capital Goods for which full Depreciation is claimed under Income Tax
Reversal formula of ITC on exempted supplies applicable to ‘common input tax’ credit
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
