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
Budget 2014 – Car and Mobile to get Cheaper
Major Highlights of Interim Finance Budget 2014 on tax front
Notification reducing excise duty on Motor Car and Mobile Handset
Notification on Changes in Service Tax / Excise Duty- Budget 2014
Interim Budget 2014 – Amendment in Central Excise Duty
Effective date for levy of excise duty on cigarettes at enhanced rates vide FA, 2012 – Clarification
Cenvat Credit to Special Economic Zones
Notification No. 03/2014-Central Excise Dated : 3rd February, 2014
Indirect Tax Calendar for the Month of February 2015
Cenvat Credit on Capital Goods Vis-À-Vis Inputs
Revision of rate of duty on pan masala and gutkha under compounded levy scheme
Divergent practices of assessment with respect to compounded levy scheme applicable for smokeless tobacco products
Amendment in ‘Chewing Tobacco and Un-manufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty ) Rules, 2010’
Amendment in Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008
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
