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 Filing Date for Taxpayers In UT of J&K & UT of Ladakh extended till 31.12.2020
SVLDRS 2019 due date extended for UT of J&K & Ladakh
Pre-deposit in appeals relating to Central Excise, Service Tax – Refund to be granted in Cash
HC rejects excise duty claim under Section 11B of Chennai Petroleum
Cenvat credit eligible on outward transportation from factory gate to customer’s place
Rule 6(3) of CCR, 2004 not applies to supply of dutiable good under SFIS Scheme
Excise duty exemption on Rosl Scheme Scrips for Apparel & Made-Ups Sectors
TED payment by mistake – No provision for refund – Government cannot unduly retain amount
Procedure for referring Technical/Legal Service Tax & Central Excise issues for comments
Cenvat Credit Can’t be Denied for Export of Exempted goods Outside India
CBIC appoints common adjudicating authority- N/No. 02/2020-CE (N.T.)
Extended period cannot be invoked in case of revenue neutral situation
SC allows withdrawal of Appeal for mere Excise Component under SVLDR Scheme, 2019
HC rejects Anticipatory Bail plea of Excise Officer in alleged gratification case
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
