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 2010-11- Excise and Custom Duty Exemption and Concession
Items used in manufacture of capital goods & parts thereof eligible for CENVAT credit
Budget 2011- Government incentivises electric, hybrid vehicles
In case of wrong availment of CENVAT Credit Interest payable from date of availment and not from date of utilization- SC
Compendium of Innovative and Unique Practices in Customs, Excise and Service Tax
Union Budget may not tinker too much with duty rates -CARE
FM releases compendium of unique practices on indirect taxes
Service of maintenance and repair should be under a Maintenance or Repair Contract/Agreement to attract levy of service tax prior to 16-6-2005
Canvat Credit – Valuation of goods transferred by manufacturer to its sister concerns without any invoice
Cenvat credit – Conditions for availing benefit under Notification No. 8/2003-CE dated 1-3-2003
Cenvat Credit – To avail credit lawfully, raw material, on which same is sought to be availed, must be utilized in manufacture of final dutiable product and credit earned thereon should also be utilized for payment of duty on final product
Rs 57 crore excise duty theft unearthed in Indore
HC dimisses revenue appeal as there was nothing to show that the amount of cash seized represented clandestine sale of excisable goods
Cenvat Credit Rules – Availability of credit of expenses
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
