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
Cenvat Credit cannot be denied on mere non payment by the supplier -SC
To Claim Cenvat Credit Assessee not expected to verify, whether supplier had paid duty on inputs or not
Central Excise Audits – Practical Perspective for Assessees
Reversal of amount under Rule 6(3) the CCR, 2004 on domestic clearances under Notification Nos.29/2012-CE, 30/2012-CE, 31/2012-CE, 32/2012-CE and 33/2012-CE all dated 9th July, 2012 – regarding
Notification No. 26/2013-Central Excise, Dated – 30.08.2013
Notification No. 25/2013-Central Excise, Dated- 13.08.2013
Two Years Rigorous Imprisonment to Then Deputy Commissioner of Customs & Central Excise in a Disproportionate Assets Case
Notification No. 11/2013 – Central Excise (N.T.); Dated: 02.08.2013
Notification No. 24/2013-Central Excise, Dated 2nd August, 2013
Regarding exemption of Excise duty leviable on specified goods affixed with brand name or trade name of another person
Notification No. 23/2013-Central Excise Dated 31st July, 2013
The Department can’t force assessee to avail a particular exemption Notification when benefit of other exemption Notification is available
Seeks to exempt central excise duty on scheduled formulations as defined under Drugs Price Control Order (DPCO), 2013
Applicable excise duty on Sedan cars like Maruti SX4, Honda Civic, Toyota Corolla Altis
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
