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
Excise Refund could be granted only to a person who had paid the duty
EC & SHEC already refunded cannot be revoked later co-laterally by Authorities: HC
AO cannot disregard findings of fact unilaterally merely for his disagreement
No penalty if intention to evade duty is not found
Cenvat Credit eligible on manufacturing & overall business activity services
CENVAT Credit on Inputs used in Fabrication of ‘Clean Room’ eligible to Pharma Companies
Clandestine removal based on mere third party documents is invalid
Tripura HC allows benefit of excise duty exemption notification even when final product was exempt from basic duties
If a Rule is not attracted, than the proviso thereunder does not attracted
Department appeal before HC with Tax effect less than Rs. 1 crore not maintainable
HC Court set aside Statement in SVLDRS-3 issued without affording opportunity of hearing
Manual Processing of declaration under SVLDRS, 2019
HC dismisses PIL for framing rules for Uniform of Excise Officers
Rejection of Excise duty refund claim made after Limitation Period was justified
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
