Excise Duty
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Assessee eligible to avail remaining 50% of Cenvat credit on Capital Goods which were cleared during year of receipt
Celebration of Central Excise Day
Amendment of Notification No. 27/2014-Central Excise (NT) dated 16.09.2014
Increase in Excise Duty on petrol & Diesel (both branded & unbranded)
In remand matters, Dept not entitled to hold deposit made by Assessee during investigation as pre-deposit
Job worker eligible to avail Cenvat credit of differential duty paid under cover of supplementary invoice
Assessee can choose most beneficial Exemption Notification where two or more Exemption Notifications are available
‘Drawback’ akin to ‘Rebate’, therefore pre-deposit mandatory for filing Appeal only at first stage
Indirect tax collection increases by 6.7% During April-December 2014
Custom, Excise & Income Tax Officer Jailed For Possession of Disproportionate Assets
No appeal would lie before Supreme Court on factual findings of Tribunal
Rebate on Supply of aviation fuel to foreign going aircraft from fuelling Station registered as warehouse
Time spent in pursuing remedy before wrong forum is excludible in determining period of limitation
Appeal to HC Not Maintainable against a Decree of Tribunal i.e. CESTAT
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
