Excise Duty
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General Bond (Form B-17) to be executed by the EOUs
Cenvat credit on guest house – HC set aside CESTAT Formula
Notification No. 23/2018-Central Excise Dated 05.12.2018
Cenvat credit on inputs used in excess of what prescribed when available
Service Tax on Insurance policies taken for compliance under labour legislations- Cenvat Credit eligible
Refund of pre deposit made U/s. 35F of CEA, 1944 and time bar U/s. 11B
Central Excise Officers of DGCEI have all India jurisdiction : Delhi HC
CESTAT warns Commissioner (A) of penal action for not respecting its decision
Mere inadmissibility of Credit availed not enough to allege Suppression of Facts
Towers and Shelters are not Immovable Properties: Cenvat Credit allowed
Cenvat credit not to be reversed on waste or by-product generation during manufacturing
Commissioner (Appeals) by deciding the case of merits did not exceed its jurisdiction
Excise duty on Aviation Turbine Fuel reduced to 11%
Tractor Cess not leviable on part and accessories of Tractor
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
