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
When proceedings against manufacturer stand concluded on payment of disputed amount of duty along with interest and penalty, no penalty would be imposable
Interest earned on deposits received by assessee from customers does not form part of assessable value where prices of goods are market driven and not determined on cost plus basis
Refund of Excise duty on purchase of cars by physically handicapped persons- reg
Captively consumed goods partly cleared to DTA to be valued u/s 4
Inclusion of show cause notice’s issued in relation to levy of CVD on vessels imported for breaking in Call-Book-reg.
Two Years RI to Then Assistant Commissioner of Central Excise & Customs in DA Case
CENVAT Credit (First Amendment) Rules, 2016
Notification No. 4/2016-Central Excise Dated: 30th January, 2016
Burden of proving unjust enrichment is on Revenue
Discrepancy in Appeals to be withdrawn and Appeal Below Monetary Limit
Onus is on revenue to establish depression of assessable value; Matter Remanded back – SC
Proceedings under rule declared unconstitutional by HC in invalid
Composition of mixture important for classifying fertiliser-CESTAT
Notification No. 03/2016-Central Excise Dated-22nd January, 2016
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
