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
Amendment in 12AAA of CENVAT Credit Rules, 2004- Power to impose restrictions
Amendment in Rule 12CCC of Central Excise Rules, 2002, – Power to impose restrictions in tax evasion cases
CBEC Rescinds Notification related to issue of order by Member (Central Excise),CBEC
CBEC office letter dt. 20-Mar-2014 regarding pending ACRs for ad-hoc promotions to the grade of Dy. Commissioners
CBEC promotion to Assistant Commissioners for years 2002-2004
CENVAT Credit wrongly taken or erroneously refunded
CBEC to keep its offices open on last three days of this Month
Drawback shipping bill in which the higher composite All Industry Rate applicable when Cenvat facility has not been availed is claimed – Processing at the time of export – regarding
Excise Duty on Job Work
CBEC Denies any Holding of Customs, Excise Duty and Service Tax Refunds/Drawbacks
Summary of Recent Amendments in CENVAT Credit Rules
Importers issuing Cenvatable invoices to register under Central Excise & to file Quarterly Return
Conditions for allowing CENVAT – Rule 4 of CCR,2004
Procedures / conditions for refund of CENVAT Credit to servics providers
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
