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
Taxability of goods manufactured – ‘Parts of Television Receivers’ falling under Tariff Entry 8529 OR ‘Television Receivers’ under Tariff Entry 8528
Assessee can avail Benefit of reduced penalty at appellate stage also
Service tax not payable on Electricity charges as it is not part of ‘renting of immovable property’ service
Central Excise – Exemption for LPG Supplies by PSUs
Regarding Change in Excise Duty rate on Petrol & Diesel
Cenvat credit of basic excise duty for payment of NCCD
Clarification on withdrawal of duty exemption in respect of goods required for setting up of Mega/ Ultra mega power projects
Ignorance of Law cannot be an excuse to avoid penalty & to extend limitation period
Free Excise & EXIM Compliance Software for CAs
Indirect foreign currency receipt sufficient to regard service as exported
Computation of Excise Duty where the goods are sold at a price below the cost of production
FM to Address Chief Commissioners/DGs of Customs, Excise & Service Tax Tomorrow
Minutes of All India Conference of Chief Commissioners and Directors General of Customs, Central Excise and Service Tax Held on July 17-18, 2013
Dispute Resolution and Tax-Payer Services through Indirect Tax Ombudsman, Delhi
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
