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
Sending order at correct address by registered post is deemed to be duly served unless assessee proves otherwise
HC has no jurisdiction on Issue of classification of service
Court jails two excise official in bribery case
Commissioner (Appeals) has no power to condone delay beyond the period of 90 days in filing appeal
Restriction to use 20% of credit in case of non-maintenance of separate Cenvat a/cs for taxable & exempted services is only in respect of inputs service credit
It is no longer open to demand duty at 10% or 5% of price as the case may be of exempted products
Chairman, CBEC Awards AEO Certificates and Launches CBEC’S Interactive Customs Tariff Website
Sending of order by normal post is not valid compliance with Section 37C
Excise Dues cannot be recovered from directors or shareholders of Company
Regarding exemption under Status Holder Incentive Scrip (SHIS) scheme
Regarding Exemption under Vishesh Krishi and Gram Udyog Yojana (VKGUY)
Regarding Exemption under Agri. Infrastructure Incentive Scrip
Duty exemption when cleared against a Focus Market Scheme duty credit scrip issued to an exporter
Regarding exemption under Focus Product Scheme (FPS)
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
