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
All about CENVAT Credit Rules, 2004- Part 1
CESTAT Enhances Monetary Limits for Single Member Bench
CBI arrests excise inspector from GOA in bribery case
Writing off of arrears of Central Excise duty, Customs duty and Service Tax – Constitution of Committees to advise the authority for writing off of arrears-reg
Tips & FAQs on filling of Appeal & Personal Hearing before CESTAT
Filling up of the post of Indirect Tax Ombudsman at Ahmedabad
Excise Duty free Sale of Goods Manufactured in India Allowed at Duty free Shops Located at International Airports
Procedure for movement of excisable indigenous goods to Warehouses or retail outlets of Duty Free Shops
No Need of registration of godown or retail outlet of a Duty Free Shop
Officers of Customs having jurisdiction on Duty Free Shops appointed as CE Officers
Excise – Duty Free Shop treated as an export warehouse
Excisable Goods cleared to Duty Free Shops at airports exempted
Ex- Rescind Notification exempting only electronic goods from payment of excise duty sold by duty free shops at airports
Seeks to amends Notifications No. 34/2006-CE, 29/30/32/2012-CE and 33/2012-CE
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
