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
CBEC directed staff to take Revenue maximization measures and speed up recovery
CVC advised imposition of major penalty against 66 Government Employees including six officials from Central Board of Excise and Custom
Excise circular on Beedi cess payable under the provisions of Section 3 of Beedi Workmen Welfare Cess Act
Cement industry urged Centre to abolish import duty on raw materials used in production of cement
2% increase in excise duty may make Indian companies pay additional 21K crore
Expectation from budget on Excise duty front to sustain recovery
Hindustan Petroleum Corporation Limited Versus The UOI and Commissioner of Central Excise (Bombay High Court)
Central excise notification exempting certain specified goods
Absence of reason for modification in Penalty order by tribunal will not make it Unjustifiable
Excise duty circular on Valuation of MS and HSD sold amongst OMCs – MOU – Withdrawal of instructions dated 14-2-2007
Tariff value of edible oils, brass scrap and poppy seeds notified
Job Work and Reversal: All is Well……
Excise Duty Circular on Substantial Expansion by way of increase in installed capacity for the units availing area based exemption
Excise duty circular on Irregular availment of Cenvat credit on certain activities not amounting to manufacture
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
