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
CBI Arrests Central Excise Superintendent for Accepting Bribe
Dismissal of appeal for non-compliance of pre-deposit condition
Once Rebate claim is cancelled, EOU entitled to take re-credit in Cenvat Credit Account
Interest on delayed refund is permissible from expiry of 3 months’ from the date of filing Refund application
IACC- Pre-Budget Memorandum on Indirect Taxes for 2015-16
Removal of Capital Goods – All is not yet clear
Indirect Taxes – Pre-budget Memorandum – 2015 by ICAI
CBEC Notice for voluntary retirement/resignation of its officers in Grade ‘A’
Cenvat credit cannot be denied on Inputs forming ‘parts’ of final product
Demand cannot be confirmed merely based on statement of witness
Removal of Capital Goods after putting to use not amount to removal
Indirect Tax Revenue Registers Increase of 7.4% During April-January 2015
Providing manpower for searches etc. requisitioned by Investigation Directorates-regarding
Check List of Compliance of Cenvat Credit Rules, 2004 in Internal Audit
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
