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
Indirect Tax Collections up to February, 2017 show Growth of 22.2%
Taxes on Petrol / Diesel & CNG and neighboring Countries
CBI Arrests Superintendent of Central Excise in an alleged bribery case
Levy not specified in SCN cannot be levied by Settlement Commission
Limitation period of one year is not applicable for claiming refund of taxes paid under protest
Personal Penalty on director for clearance of taxable goods as exempt is unwarranted in absence of their role in the same
Cenvat Credit cannot be denied for mere non-Registration of Premises
Lessee cannot claim CENVAT credit on capital goods on which lessor has availed depreciation U/s. 32 of Income Tax Act, 1961
Bombay HC on eligibility for Benefit of Kar Vivad Scheme,1998
Credit not to be reversed when inputs shown as scrap at lesser value and not written off
No SSI Exemption on manufacturing own Goods with 3rd Party Brand
Appeal before CESTAT? Declare that such matter not pending in other courts
Classification of articles of paper and printing industry- regarding
CBI Arrests three Central Excise Officials in a bribery case
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
