Excise Duty
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Penalty under excise rule 26 can be imposed only on natural individual person
ICRISAT Eligible for Excise Duty refund on petroleum products procured by them
Excise duty not leviable on Contract of Erection and Commissioning of Boiler
Disposable Bed Pads / Bed Sheets not classifiable as Baby & Clinical Diapers
Food Preparations made in kitchen of Restaurant are Excisable Goods
SSI Exemption: Values of Clearance of Goods manufactured from Single Common Factory premises by two Firms can be clubbed
SSI exemption benefit cannot be denied on use of assigned brand name
Family Name use not amounts to use of Brand Name of 3rd Parties
Allegations of clandestine removal cannot be upheld based on mere third party evidence
Goct rescinds two excise notifications dated 06.04.2018
Govt amends 5 Excise Notifications dated 2nd February 2018
VAT Subsidy not includible in Assessable Value of goods manufactured by appellants
CESTAT on Inclusion of VAT Subsidy in Assessable Value
Input service credit not allowable on Insurance of family members of the employees
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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
