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
Valuation of Goods cleared in DTA by EOU’s.- Circular No. 933/23/2010- Central Excise
CBI raids office and residence of Chief Commissioner of Central Excise in Bhopal
Excise Collection From All Kind of Tobacco Increases to Rs. 13853.29 Crore In 2009-10
Conversion of tarpaulin into `tarpaulin made-ups’ would not amount to manufacture u/s 2(f) of Central Excise Act
Administrative Control over Export Oriented Units by the Central Excise formations – reg
Secondary packing on goods leaving factory not to attract excise duty
Notification No. 31/2010-Central Excise; dated: 28.07.2010
Availability of Cenvat Credit on inputs used in the manufacture of capital goods
Vice President of Sterlite Industries Varadharajan arrested for alleged duty evasion of Rs 750 crore
Interest on wrong availment of CENVAT credit payable from date of wrongly utilisation
Notification No. 30/2010–Central Excise; dated: 22.07.2010
Central Excise Circular No. 931/20/2010, 15-07-2010, Regarding classification of TEA fortified with Vitamins
Warehousing permission to Storage Tanks mounted on a vehicle
No Cenvat for manufacturers of bottled beverages on excise-duty exempted broken bottles
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
