Excise Duty
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CA in practice for one year or more may become Certified Facilitation Centre under ACES Project of the CBEC
ICAI Invitation to send Issues and Suggestions related to Indirect Taxes
Notification No. 18/2010-Central Excise (N.T.); Dated: 13.4.2010
Specifying Jarda scented Tobacco for levy and collection of excise duty
Notification No. 16/2010-Central Excise (N.T.); Dated: 8.4.2010
Notification No. 15/2010 – Central Excise (N.T.); dated: 08.04.2010
Notification No 14/2010 Central Excise (N.T.); dated: 08.04.2010
Items used in Ceramic Tiles Industry – whether capital goods or input
Job Work: Better late than never
Automation of Central Excise and Service Tax (ACES)
Procedure for electronic filing of Central Excise and Service Tax returns and for electronic payment of excise duty and service tax.
Penalty of Rs. One Lakh on Excise officer for recovery during stay period
Notification No. 13/2010-Central Excise (N.T); Dated: 19.03.2010
Notification No 12/2010 Central Excise (N.T.); dated: 16.03.2010
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
