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
CESTAT Allowed SSI Exemption for Failure to Distinguish Trading from Manufacturing Sales
Amortised Value of Moulds Includible in Assessable Value as Additional Consideration: CESTAT Chennai
Extended Limitation Period Not Applicable When Demand Arises from Audit Records
Amounts Paid During Investigation Treated as Excise Duty After Adjudication, Refund Denied
Excise Duty Demand Quashed Due to Failure to Prove Price Influence in Related Party Sales
CESTAT Upholds Excise Rule 25 Penalty Despite No Fraud; Allows Appropriation of Duty Already Paid
CESTAT Allows Cenvat Credit on Pre-01.04.2011 Services; Invoice Timing Irrelevant if Services Rendered Earlier
Excise Appeal Dismissed as Time-Barred Due to Delay Beyond Statutory Section 35 Limit
Penalty Set Aside: Broker Not Liable Without Possession of Goods under Excise Rule 26(2)
Chhattisgarh HC remanded SVLDRS Rejection Application Due to Unequal Treatment of Co-Noticees
Cenvat Credit Allowed on Business Services but Denied for Construction After Amendment
Procedural Lapse in Inter-EOU Transfer Not Sufficient for Duty Demand: CESTAT Hyderabad
Dept. could not allege clandestine removal of goods without proper investigation u/s 9D Excise Act
Limitation doesn’t apply as appropriation during pendency of appeal is payment of Excise duty under protest
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
