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
Indirect tax collections up 42 percent in April-Oct
Whether Cenvat credit admissible on plant housekeeping, factory garden maintenance, insurance and tours and travels expenses?
Excise Officer issuing summons to appear with records could not be “deprivation” of liberty of an individual
Indirect tax collection may exceed target
Inclusion of After Sale Service & Pre-delivery Inspection Charges in assessable value
Budget for next year may take back excise exemption given to around 250 items
Reduction of Government litigations – providing monetary limits for filing appeals by the Department before CESTAT and High Courts
Seeks to provide exemption from Addl. duty of excise and special addl. excise duty to goods supplied to UN and such international organisations
44.4 Percent Increase in Indirect Tax Collections in first six Months(April-September,2010) of 2010-11
Clearance of goods to a SEZ unit would not amount to export for the purposes of Rule 5 of CENVAT Rules
Tax evasion charges against Philips, TVS Motor- Central Excise Department
Commissioner of Central Excise and Customs Versus Genus Electrotech Limited (Gujrat High Court)
Delhi finally has its own excise Act with stiff penalties and fine
Former Central Excise Commissioner Sentenced to Four Years Rigorous Imprisonment
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
