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
Central Excise Return Filing Due Date Extended in Tamilnadu
53 Issues in Central Excise and Decision Taken on them by Department
Levy of Interest on late payment of duty by providing it in subordinate regulations would be deemed as ultra vires if the same not provided by provisions of Act
Central Excise payment Due Date Extended to 20-12-2015 in Tamilnadu
Binding Nature of Board Circulars-Confusion Settled or Created?
Simultaneous availment of SSI exemption & Cenvat on inputs used in goods cleared on payment of duty permissible
No need to affix MRP on goods declared to be 'not meant for retail sale' thus Excise duty payable on transaction value
Refund claim cannot be denied when excess duty has been returned through debit/credit Notes
Cenvat credit on input services availed prior to initiation of manufacturing activity is admissible
Authorising Commissioner to defend UoI and others in matters of indirect taxation before High Court
Notification No. 24/2015-Central Excise (N.T.), Dated: 07.12.2015
Excise / Service Tax: Extension of due date for payment & Return Filing in Tamil Nadu
Interest, depreciation and profit margin not to be considered for arriving at production cost
Question of foreign exchange realization not arises on export of free replacement of defective goods
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
